Realtor CJ Rai Takes Own Life During IT Raid in Bengaluru
A shocking incident unfolded in Bengaluru when real estate businessman CJ Rai, the head of the Confident Group, allegedly took his own life by shooting himself at his office on Langford Road, near Richmond Circle. The incident occurred around 5 pm, amidst an ongoing Income Tax (IT) raid on his premises.
Rai, reportedly under pressure due to tax evasion allegations, had been facing IT raids for the past three years. According to eyewitnesses, Rai was questioned by IT officials for about an hour before he suddenly pulled out a gun and shot himself.
The IT officials present managed to wrestle the gun away from Rai and immediately called for medical help. Despite their efforts to save him, Rai succumbed to the injury at Narayana Hrudayalaya hospital. Though all personal belongings are confiscated during a raid, questions are being raised as to how Rai managed to hold on to his gun.
Deputy Commissioner of Police Akshay Machhindra Hakay of the Central division is leading the investigation, questioning the eight IT officials who were present during the incident. Authorities are reviewing CCTV footage, examining Rai’s mobile phone, and searching for any potential suicide notes or clues.
The investigation aims to determine the circumstances surrounding Rai’s death and whether any foul play was involved. The Confident Group, a prominent real estate firm in Bengaluru, has been under scrutiny for several years due to allegations of financial irregularities and tax evasion. The company’s reputation has been tarnished by these ongoing investigations, and this tragic incident has only added to the public’s concern and scrutiny.
The IT department has been conducting raids on the Confident Group for the past three years, focusing on alleged discrepancies in financial records and tax payments. The pressure on Rai and his company had been mounting, leading to a tense and volatile environment within the organization. The sudden and tragic turn of events has left many in the real estate community and the public at large in shock and disbelief.
As the investigation continues, authorities are urging anyone with information or evidence related to the incident to come forward. The community and the business world are awaiting the results of the inquiry to understand the full scope of what led to this devastating outcome.
