In a shocking incident that has gripped West Bengal people and police alike, it was learnt that a 45-year-old city-based entrepreneur has duped 6 banks of over 5 crore rupees. Indrajit Chatterjee, who is a citizen of West Bengal, is on the run after the police realized that he was responsible for allegedly duping six banks of more than Rs 5 crore in the last two years.

The search is on for Chatterjee, who introduces himself as a tenant of a residential building located on 19/1A, Zamir Lane in Gariahat and as the owner of an apartment on Syed Amir Ali Avenue. He had done so while receiving a loan of Rs 1.45 crore from the Rashbehari Avenue branch of Karnataka Bank in December 2007. As mortgages, he had submitted the deed of his apartment to the bank.

Further investigations have revealed that he had used the same deed earlier while taking loans to the tune of Rs 4 crore from five other city-based banks. The police have said that the accused is originally a resident of Dumurjala in Howrah and he owns two offices at Hare Street and Southern Park. His offices were sealed recently, which could have led him to take this drastic step. He had taken all these loans for business purposes. However, he wasn’t alone in his pursuit. He was helped in this by his wife, who being the proprietor of a Bengali film producing unit, had signed as a guarantor in Chatterjee’s loan application. This all has been communicated by a senior officer of the city police's detective department.

Mr. Jawed Shamim, deputy commissioner of the city police's detective department said, that the efforts of the bank fraud section, which are looking for Chatterjee, have not yielded any fruit till now.