Confident Group MD Strongly Denies Fraud Allegations Following Chairman's Death
In a firm rebuttal to widespread social media speculation, Confident Group's Managing Director TA Joseph has categorically denied rumors that the alleged suicide of Chairman CJ Roy was connected to any financial fraud within the company. Joseph issued a detailed video statement on Thursday, labeling the circulating claims as completely unfounded and damaging.
Baseless Accusations and Emotional Plea
"A lot of people are talking like they are part of our board and accusing us of stealing money," Joseph stated emphatically. "From our chairman to the security personnel, everyone worked hard daily to scale up the company to this level. We don't have any black money and don't take away investors' money; such things don't exist here." He specifically pointed out that certain YouTube channels have been propagating allegations of fraud, scams, and illicit funds against Roy and the company without presenting any verifiable evidence.
Joseph expressed deep concern over the impact of this misinformation on Roy's bereaved family. "Those peddling this should understand the suffering of the family and friends of a developer while seeing this," he said emotionally. "The head of their family died and these people are scavenging from that. Please stop this, and nobody should believe it." His plea highlighted the additional distress caused to mourners by unfounded online chatter.
Direct Challenge for Proof and Operational Clarifications
Openly confronting the allegations, the Managing Director challenged the accusers to provide concrete proof. "If you have proof or anything credible to support your allegations, then please come and show it to me," Joseph retorted. "You are pretending that you are part of our company or with the income tax or CBI. You should all understand that none of this is true." This direct call for evidence underscores the company's stance that the rumors lack any factual basis.
Addressing concerns among clients and homebuyers regarding project timelines, Joseph clarified that any pause in ongoing construction work was solely temporary due to Roy's passing. "On the day the chairman died (Friday), work did not happen on Sunday and Monday because a lot of staff were at the funeral," he explained. "Our clients need not worry; not even a single paise will be lost." He assured stakeholders that all company projects would continue as planned, emphasizing financial stability and commitment to deliverables.
Leadership Structure and Future Assurance
While CJ Roy operated from the company's Bengaluru headquarters, TA Joseph has been responsible for managing Confident Group's extensive operations in Kerala. This division of leadership roles highlights the structured management approach within the organization. Joseph's statement aimed to reinforce confidence in the company's governance and operational integrity during this transitional period.
The Managing Director's comprehensive address serves multiple purposes:
- Refuting malicious social media narratives with factual clarifications.
- Providing emotional support to the grieving Roy family by condemning exploitative rumors.
- Reassuring investors and clients about the uninterrupted continuation of all business projects.
- Upholding the company's reputation against unsubstantiated allegations of financial misconduct.
This incident underscores the broader issue of misinformation on digital platforms, where unverified claims can rapidly affect corporate reputations and personal lives during sensitive times. Confident Group's leadership has taken a proactive stance to address these challenges directly, aiming to stabilize stakeholder trust and ensure business continuity following the tragic loss of their chairman.
