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Dr C. J. Roy, the founder and chairman of Bengaluru-based Confident Group, died by suicide at his company office on Friday as officials from the Income Tax Department were conducting searches and questioning him, police and local authorities said. The 57-year-old was found with a gunshot wound inside his Langford Road office near Richmond Circle and was declared dead after being rushed to a hospital in HSR Layout. Authorities have launched a full investigation into the circumstances of his death, with forensic teams completing initial examinations and a post-mortem underway.

Police said staff heard a shot during the afternoon and alerted authorities, who found Roy injured in an inner room. He had reportedly been retrieving documents at the request of investigators when the incident occurred. Bengaluru Police Commissioner Seemant Kumar Singh described the case as a suspected suicide, noting that formal determinations will follow once the investigation and autopsy are complete. No suicide note has been confirmed at this stage.

The Income Tax Department’s presence at the Confident Group’s premises was part of a broad examination of financial records and compliance, which has extended over several days, according to law enforcement sources. Officers from the department were reviewing documentation linked to tax filings and other regulatory matters when Roy took his life. While some observers have drawn a link between the tax probe and his actions, senior police officials emphasised that motive has not been officially established and will be determined through detailed inquiry.

Confident Group has been a prominent name in the real estate sector for nearly two decades. Founded by Roy in 2005, the company grew from regional developments in Karnataka and Kerala to a diversified conglomerate with interests spanning residential and commercial real estate, hospitality and international ventures. The group’s portfolio included a large number of projects across southern India, and it had expanded into markets such as the UAE and the United States as part of its global strategy.

Roy, born Chiriankandath Joseph Roy and originally from Kerala, was widely recognised within Indian and international business communities. He held a PhD and had previously worked in the corporate sector before building his own enterprise into a major developer known for its ambitious projects and rapid growth. Beyond real estate, Roy was active in film production, backing several Malayalam films, and was seen as a cultural figure in his home state’s entertainment circles.

Industry analysts said the shock of his death will be felt across the real estate sector, where business leaders are already navigating a complex regulatory environment. The dual pressures of compliance with income tax requirements and ongoing litigation in tax and financial courts had placed significant strain on the leadership of Confident Group in recent months. Commentators on social media and industry platforms highlighted the need for greater support systems for executives coping with legal and financial scrutiny, although specific links between the probe and Roy’s decision are yet to be confirmed by officials.

Confident Group’s operations included a mix of residential communities, commercial complexes and mixed-use developments, with the company touting a “zero-debt” business approach that set it apart from many competitors in a sector often challenged by leveraged growth models. The firm’s international footprint, including property development in Dubai, had positioned it as a notable player in cross-border real estate development.

Family representatives and close associates have been approached by investigators as part of the inquiry, and police have indicated that statements from relatives and colleagues are being recorded to build a clearer picture of Roy’s state of mind and the events leading up to his death. As the probe continues, authorities have pledged to share further details when available.

Arabian Post Staff -Dubai A new investment cooperation pact between the United Arab Emirates and Scotland aims to widen capital flows, align priority sectors and give institutional backing to a growing commercial relationship between the Gulf state and one of the UK’s devolved governments. The Memorandum of Understanding was signed by the UAE Ministry of Investment and the Scottish Government, setting out a framework to promote two-way […]

Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, arrived in Moscow on an official visit to the Russian Federation, underscoring a phase of high-level engagement between Abu Dhabi and Moscow as both sides seek to broaden cooperation across energy, trade, technology and geopolitics. As the presidential aircraft entered Russian airspace, a formation of military jets escorted it in a ceremonial welcome, a gesture […]

Central Bank of the UAE has rolled out the region’s first biometric payment system based on facial and palm recognition, marking a significant shift in how retail transactions may be authenticated across the country. The initiative aligns with the UAE Digital Economy Strategy and the central bank’s wider effort to create a secure, inclusive and innovation-led payments ecosystem, while reducing reliance on cards, cash and mobile devices. […]

Arabian Post Staff -Dubai Property Finder has raised $170 million in fresh capital from Mubadala Investment Company alongside other UAE sovereign-backed investors, a funding round that underscores sustained confidence in the region’s digital property platforms amid shifting real estate cycles. The Dubai-headquartered company said the investment will be used to simplify the home-search experience, improve productivity tools for brokers and developers, and reinforce data accuracy, trust and […]

Arabian Post Staff -Dubai UAE-based conglomerate Al Habtoor Group said on Monday it will pursue legal action against Lebanese authorities to recover about $1.7bn in investments it says were lost during the country’s banking crisis, a move that risks complicating Beirut’s efforts to rebuild confidence among Gulf investors. The group said the losses stem from funds trapped in the Lebanese banking system after the financial meltdown that […]

Arabian Post Staff -Dubai Abu Dhabi–based energy investor XRG is deepening its engagement in one of the world’s largest liquefied natural gas export facilities, moving to acquire an additional equity interest in the Rio Grande LNG project in Texas, industry participants confirmed. The move extends XRG’s ownership beyond its earlier holding and marks a significant step in executing its global gas strategy, signalling confidence in long-term demand […]

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Emirates NBD, Dubai’s largest bank by assets, posted a four per cent rise in full-year net profit on Monday, underpinned by record lending growth as borrowing demand strengthened across domestic and international markets. The lender said net profit reached 24 billion dirhams for the year, surpassing market expectations of about 22.8 billion dirhams based on analyst estimates tracked by LSEG. The performance was driven by what the […]

Arabian Post Staff -Dubai The United Arab Emirates is set to make its first appearance at the Winter Olympic Games, marking a significant expansion of the country’s sporting footprint beyond its traditional strengths in summer and indoor disciplines. The UAE has qualified to compete at the Milano Cortina 2026 Winter Olympics, scheduled for February 2026 in Italy, becoming the first Gulf nation to debut at the Winter […]

Abu Dhabi National Oil Company has become the first Emirati brand to secure a spot among the world’s 100 most valuable brands, highlighting its expanding global footprint and brand strength. The Brand Finance annual league table shows ADNOC’s brand value climbed 11 per cent year-on-year to US$21.13 billion for 2026, marking growth of more than 350 per cent since 2017 and placing it ahead of a number […]

Snowflake has rolled out its AI Data Cloud on Amazon Web Services’ UAE region, a move designed to help enterprises build and deploy artificial intelligence workloads while keeping data residency and latency requirements in check. The expansion gives organisations operating in the Gulf access to Snowflake’s platform within the AWS Middle East Region, aligning with regulatory expectations that data generated in the country can be processed locally. […]

Arabian Post Staff -Dubai The United Arab Emirates’ hospitality sector has posted a substantial rise in hotel revenues in 2025, with total takings reaching around AED 44.4 billion for the period from January to November, marking an 8.8 per cent uplift compared with the same span a year earlier, driven by stronger average daily rates and robust demand across key markets. This performance underscores the UAE’s ongoing […]

Evidence emerging from a long-running population study in the UAE is sharpening the focus on the mouth as an early warning site for metabolic disease, with researchers identifying distinct patterns of oral bacteria associated with obesity and related conditions. The findings, drawn from analyses within the UAE Healthy Future Study, suggest that shifts in the oral microbiome could help flag metabolic risk earlier than conventional markers and […]

Arabian Post Staff -Dubai Dubai has approved a Dh12.8bn expansion of Dubai Silicon Oasis, signalling a renewed push to scale the emirate’s knowledge economy and deepen its appeal to global technology, research and advanced manufacturing firms. The programme was launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and positions the zone for a new phase […]

Greenlogue/AP The UAE Research Program for Rain Enhancement Science has named the recipients of its sixth cycle of grants, committing up to US$1.5 million to each selected project over three years as the country sharpens its focus on applied climate research and water security. The awards, announced by the UAE Research Program for Rain Enhancement Science, come with a ceiling of US$550,000 per year for each project […]

Arabian Post Staff -Dubai Source of Fate, a luxury real estate developer operating under the Wheel of Fate Group, has begun construction on Miraggio, a $707 million waterfront development on Al Marjan Island in Ras Al Khaimah, marking one of the largest private luxury residential investments announced on the northern emirate’s coastline. The ground-breaking ceremony on the reclaimed island signals the company’s formal entry into the upper […]

UAE and India have elevated their strategic partnership with a sweeping set of agreements signed during the visit of Sheikh Mohamed bin Zayed Al Nahyan, signalling a calibrated push to broaden cooperation across defence, energy, space, trade, investment and food safety. The pacts, endorsed alongside Narendra Modi, reflect a shared intent to anchor bilateral ties in long-term economic and security interests while navigating a volatile global environment.

The visit culminated in the exchange of multiple memoranda of understanding that collectively aim to translate political goodwill into operational outcomes. Officials from both sides framed the agreements as an expansion of the Comprehensive Strategic Partnership, emphasising implementation timelines and institutional coordination rather than aspirational language. At the centre of the package is a defence cooperation framework that strengthens military-to-military engagement, joint exercises, training exchanges and defence industrial collaboration, an area that has gathered momentum as both countries diversify security partnerships.

Energy cooperation featured prominently, with accords spanning hydrocarbons, clean energy and grid resilience. State-linked firms and private players outlined pathways to scale joint investments in upstream oil and gas while accelerating collaboration in renewables, green hydrogen and energy storage. The emphasis on clean energy dovetails with the UAE’s net-zero ambitions and India’s drive to expand non-fossil capacity, positioning both as partners in technology transfer and project financing across third markets.

Space cooperation agreements mark another pillar of the evolving relationship. Space agencies from Abu Dhabi and New Delhi committed to deeper collaboration in satellite development, earth observation, data sharing and human spaceflight training. The arrangements are designed to support applications ranging from climate monitoring and disaster management to urban planning and agriculture, underscoring the commercial and societal dividends of space-based assets.

Trade and investment pacts seek to build on the momentum generated by the Comprehensive Economic Partnership Agreement, which has reshaped tariff structures and supply chains between the two economies. New understandings focus on easing customs procedures, aligning standards and expanding market access for small and medium-sized enterprises. Investment promotion agencies agreed to coordinate sectoral roadmaps in manufacturing, logistics, digital services and infrastructure, with sovereign investors and development funds expected to play a catalytic role.

Food safety and agricultural cooperation agreements address a strategic priority for both governments. Protocols on standards, certification and inspection aim to streamline the movement of agri-food products while safeguarding consumer interests. Joint research initiatives are set to target crop resilience, post-harvest technologies and cold-chain logistics, reflecting lessons from climate stress and supply disruptions that have sharpened the focus on food security.

Diplomatic engagements during the visit also underscored people-to-people ties, education and skills. Universities and research institutions announced partnerships in advanced materials, artificial intelligence and health sciences, while vocational training programmes were aligned to labour market needs in construction, healthcare and digital services. These measures are intended to deepen the talent pipeline that underpins commercial ties.

Officials were careful to situate the agreements within a broader regional and global context. With shipping lanes under strain and commodity markets exposed to geopolitical shocks, both sides highlighted coordination on maritime security and supply chain resilience. The defence and logistics components of the package are expected to reinforce cooperation in the Indian Ocean region, where the UAE’s ports and India’s maritime capabilities intersect.

Economists note that the breadth of the accords reduces concentration risk by spreading cooperation across multiple sectors, while governance mechanisms embedded in the agreements could improve execution. Joint working groups, periodic reviews and dispute-resolution channels were outlined to ensure progress is measurable. Business leaders welcomed the clarity on standards and compliance, arguing that predictability lowers the cost of capital and accelerates project timelines.

Critics caution that delivery will depend on regulatory alignment and the pace of domestic approvals, particularly in capital-intensive sectors such as energy and defence manufacturing. Past initiatives have sometimes faced delays linked to procurement processes and technology transfer rules. Both governments acknowledged these constraints and signalled intent to address bottlenecks through empowered committees.

Arabian Post Staff -Dubai United Arab Emirates has accepted an invitation from the United States to join the Board of Peace, a new diplomatic initiative advanced by President Donald Trump that aims to promote stability, restore dependable governance and help secure peace in conflict-affected regions, according to officials familiar with the discussions. The acceptance places Abu Dhabi among the first governments to publicly align with the proposal, […]

Arabian Post Staff -Dubai Abu Dhabi is set to host the 30th Gulf Cooperation Council Swimming Championship from January 22 to 25, bringing together around 200 male and female swimmers from six Gulf countries in what organisers describe as the largest and most competitive edition to date. The four-day event will be staged at the Mohammed Bin Zayed Sports Center and will feature age categories ranging from […]

UAE President Sheikh Mohamed bin Zayed Al Nahyan arrived in New Delhi on a working visit, marking another step in the steady expansion of political, economic and strategic ties between Abu Dhabi and New Delhi. He was received at the Palam Air Base by Prime Minister of India Narendra Modi, accompanied by senior members of the Union Cabinet and officials from the external affairs establishment, underscoring the importance both sides attach to the engagement.

The visit places renewed focus on deepening UAE–India partnership at a time when bilateral cooperation spans trade, energy security, technology, defence and people-to-people exchanges. Officials said discussions during the visit would review progress under existing agreements while identifying new areas for collaboration aligned with long-term economic and geopolitical priorities.

The UAE and India have built a close relationship over the past decade, anchored by high-level political engagement and sustained institutional cooperation. The elevation of ties to a Comprehensive Strategic Partnership has provided a framework for collaboration across sectors, with regular leader-level interactions helping to maintain momentum. Sheikh Mohamed and Prime Minister Modi have met frequently on the margins of multilateral forums and through bilateral visits, creating a rapport that has translated into concrete outcomes.

Trade and investment remain central to the agenda. Bilateral non-oil trade has expanded significantly following the implementation of the Comprehensive Economic Partnership Agreement, which reduced tariffs, simplified customs procedures and opened services markets. Officials on both sides view the agreement as a catalyst for further growth, particularly in manufacturing, logistics, food security and digital services. The UAE has also emerged as a major investor, with sovereign and private capital flowing into infrastructure, renewable energy, ports and technology ventures.

Energy cooperation continues to be a pillar of the relationship. The UAE is a key supplier of crude oil and liquefied natural gas, while joint investments in strategic petroleum reserves and downstream assets have added depth to the partnership. As both countries pursue energy transition goals, collaboration has widened to include renewables, green hydrogen and climate technology, reflecting shared commitments to sustainability and diversification.

Defence and security cooperation has gained prominence amid evolving regional and global challenges. Regular joint exercises, intelligence exchanges and defence industrial cooperation have strengthened interoperability and trust. Counter-terrorism, maritime security and cyber resilience are areas where officials see scope for closer coordination, particularly given the shared interest in stable sea lanes and secure digital infrastructure.

Technology and innovation feature prominently in the discussions. The UAE’s push to position itself as a hub for advanced technologies aligns with New Delhi’s focus on digital public infrastructure, fintech and start-up ecosystems. Partnerships between research institutions, technology firms and start-ups have expanded, supported by policy initiatives and investment platforms designed to facilitate cross-border collaboration.

The large expatriate community also shapes the relationship. Millions of people from India live and work in the UAE, contributing to its economy and cultural diversity, while remittances and professional exchanges strengthen social and economic links. During past engagements, leaders have highlighted the role of this community as a bridge between the two nations, with initiatives aimed at skills development, worker welfare and cultural exchange.

On the multilateral front, both countries coordinate positions on regional stability, economic governance and climate action. Cooperation within forums such as the G20, where the UAE has participated as a guest under New Delhi’s presidency, has reinforced alignment on development priorities, debt relief for vulnerable economies and sustainable growth.

Officials familiar with the visit said meetings would assess progress on commitments made during earlier engagements and set timelines for new initiatives. Agreements and memoranda of understanding under consideration span sectors including education, healthcare, space cooperation and financial services, reflecting the breadth of the partnership.

UAE’s federal utility Etihad Water and Electricity has invited eligible consulting firms to register interest in a tender for a techno-economic feasibility study on a proposed undersea power interconnector linking the Emirates with India, signalling a fresh push to test the commercial and technical case for cross-border electricity trade across the Arabian Sea. The utility said the study is intended to produce a comprehensive, bankable feasibility package […]

Botim Money, the financial services arm of the messaging platform botim, said on Tuesday it has entered a partnership with Mastercard to widen the reach of its international money transfer services, enabling users to send funds from the United Arab Emirates to more than 150 countries through a single digital interface. The agreement integrates Mastercard Move into the Botim app, allowing customers to initiate cross-border transfers that […]

Arabian Post Staff -Dubai Abu Dhabi National Oil Company, the United Arab Emirates’s flagship petroleum producer, is evaluating options to enter Venezuela’s energy industry with a focus on gas projects, signalling a potential strategic pivot that could reshape international investment patterns in one of the world’s most under-utilised hydrocarbon reserves. This deliberation forms part of Adnoc’s broader international expansion plans via its overseas investment arm, XRG, and […]

MNA Ventures, a premier diversified holding group and “one-stop-shop” conglomerate, today released its 2025 Year-End Summary. The report details a transformative period of internal optimization and aggressive international growth, reinforcing the group’s position as a global parent entity across the UAE, Europe, and emerging markets. Throughout 2025, MNA Ventures continued to execute its “solutions-first” strategy—developing internal tools to resolve complex corporate challenges before scaling them into market-leading subsidiaries. […]

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Just in:
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