6 banks cheated of Rs 5 crore

Rajib Chatterjee KOLKATA, June 22: A 45-year-old city-based entrepreneur, Indrajit Chatterjee, has gone into hiding after allegedly duping six banks of more than Rs 5 crore in the last two years. Police are looking for Chatterjee, who had introduced himself as a tenant of an residential building located on 19/1A, Zamir Lane in Gariahat and as the owner of an apartment on Syed Amir Ali Avenue while receiving a Rs 1.45 crore loan from the Rashbehari Avenue branch of Karnataka Bank in December 2007. He had submitted the deed of his apartment to the bank as mortgage. Investigation revealed that he had taken a loan amounting to Rs 4 crore from five other city-based banks by submitting the same deed earlier. The accused, who is originally a resident of Dumurjala in Howrah, owns two offices at Hare Street and Southern Park which have been sealed recently. He had taken loans for business purposes. His wife, who was the proprietor of a Bengali film producing unit, had signed as a guarantor in Chatterjee’s loan application, said a senior officer of the city police's detective department. Mr Jawed Shamim, deputy commissioner of the city police's detective department said, officers of the bank fraud section are looking for Chatterjee, but till now they have no leads. A senior city police officer said, Chatterjee had taken Rs 1 crore as a loan from the Lake branch of Bank of Baroda in 2006. In the same year, he had allegedly taken a loan from UCO Bank, Allahabad Bank, City Bank and Canara Bank and each time he had deposited his apartment deed as mortgage. Authorities of Karnataka Bank came to realise that they had been cheated after Chatterjee didn't pay his monthly interest. Bank authorities had complained that Chatterjee was not found in the address which he had mentioned in the loan application papers. “We had raided Chatterjee's residence and offices but he was not there. He has gone into hiding with his wife,” the officer said. He added that Chatterjee also allegedly duped the Gujarati Society of Rs 18 crore a few years ago and a case against him was pending in the Alipore special court of the Central Bureau of Investigation (CBI). The officer said the police are thinking of advertising in different media outlets seeking information about Chatterjee.

"Loved reading this piece by Member (Account Deleted)?
Join LAWyersClubIndia's network for daily News Updates, Judgment Summaries, Articles, Forum Threads, Online Law Courses, and MUCH MORE!!"

Join our Telegram group

Join our Whatsapp group