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Abdul Karim Telgi (born 1961) is a convicted Indian counterfeiter. He earned money by printing counterfeit stamp paper in India. He cited Mr.Sharad Pawar, then the chief of NCP party and now a Central Government minister, name in relation to a INR600 billion (US$10 billion) stamp-paper scam, during a narcoanalysis filmed by various Indian news channels, wherein he also mentioned Congress party Minister Chhagan Bhujbal.[1]

Early life[edit]

Telgi's mother was Shariefabee Ladsaab Telgi,[2] and his father was an employee of Indian Railways.[3] His father died while he was young. Telgi paid for his own education at Sarvodaya Vidyalaya, an English medium school, by selling fruit and vegetables on trains. Eventually, he moved to Saudi Arabia. Seven years later, he returned to India, at which time he began a career in counterfeiting, originally focusing on fake passports.[3]

Counterfeiting career[edit]

Telgi moved to more complex counterfeiting when he began to counterfeit stamp paper. He appointed 300 people as agents who sold the fakes to bulk purchasers, including banks, insurance companies, and share-broking firms. The size of the scam was estimated to be more than INR200 billion (US$3.3 billion).[4] One aspect of the scandal that caused much concern was that it required the involvement of many police officers and other government employees including Nikhil Khotari. For example, one Assistant Police Investigator was found to have a net worth of over INR1 billion (US$17 million), despite making a salary of only INR9,000 (US$150) per month.[3]

On 17 January 2006, Telgi and several associates were sentenced to 30 years rigorous imprisonment.[5] On 28 June 2007, Telgi was sentenced to rigorous imprisonment for 13 years for another aspect of the scandal. He was also fined INR10 billion (US$170 million). The Income Tax Department requested that Telgi's property be confiscated to pay the fine.[6]

In popular culture[edit]

Mudrank (The Stamp) is a film based on the stamp scandal. It was finished in 2008, but Telgi filed legal challenges to prevent its release.[7] Telgi alleged that the details covered in the film would damage his legal appeals. As of April 2014, the film has not yet been released.

References[edit]

  1. ^ "Telgi names Sharad Pawar in scam". CNN-IBN Live. 7 September 2006. Retrieved 2 February 2011. "Politicians are the backbone of this business" 
  2. ^ "Telgi attends mother's funeral". The Hindu. 13 January 2005. Retrieved 27 May 2011. 
  3. ^ a b c Dharker, Anil (30 November 2003). "Telgi is so Indian". The Hindu. Retrieved 27 May 2011. 
  4. ^ "Telgi Scam". The Financial Express. 19 November 2003. Retrieved 27 May 2011.  Archived here.
  5. ^ "Stamp paper scam: Telgi gets 10-year RI". indianexpress.com. Indian Express. 2011. Retrieved 7 November 2011. 
  6. ^ "Telgi gets 13 years jail, Rs 1000 crore fine". Rediff India Abroad. 28 June 2007. Retrieved 27 May 2011. 
  7. ^ "Telgi unhappy with Mudrank". The Times of India. 23 April 2008. Retrieved 27 May 2011. 

Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Abdul_Karim_Telgi — Please support Wikipedia.
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6 news items

 
Pune Mirror
Mon, 14 Apr 2014 05:14:41 -0700

Nine years after police sub inspector Pratap Prabhakar Kakade, an accused in the multi-crore Abdul Karim Telgi fake stamp paper scam, died a mysterious death in Yerwada central jail, the case remains in limbo status, with only one witness being cross ...

The Hindu

The Hindu
Sat, 12 Apr 2014 15:07:30 -0700

I tell them to think of Abdul Karim Telgi's narco test before hitting the button. If they do so, they will not vote for Mr. Bhujbal. Moreover, I have become a known face after the irrigation scam,” he said. Mr. Bhujbal had come under a cloud in the ...
 
Times of India
Sat, 29 Mar 2014 13:55:26 -0700

Vijay Pandhare, the AAP candidate for Nashik parliamentary constituency, has appealed to people to not forget the Telgi narco test before casting their votes. Abdul Karim Telgi was convicted in 2006 for counterfeiting stamp papers and selling those ...
 
Deccan Chronicle
Sun, 06 Apr 2014 17:35:12 -0700

The main accused, Abdul Karim Telgi, had alleged that Krishna Yadav was part of the scam and that he operated in Andhra Pradesh as their agent. However, the former minister was given a clean chit after spending over three years in jail until December ...

Business Standard

Business Standard
Sat, 05 Apr 2014 11:51:19 -0700

Aggarwal had also filed and argued PILs in the Bofors corruption scandal and the fake stamp paper scam involving Abdul Karim Telgi. Sources in the BJP say Aggarwal quit the party in early 2012 as he thought the party had little chance of doing well in ...
 
E-Pao.net
Tue, 01 Apr 2014 09:30:00 -0700

Besides the Bofors Scandal of the 1980s, we have heard of the 2G Spectrum Scam, Commonwealth Games Scam, Abdul Karim Telgi Scam, Fodder Scam, Hawala case, Coalgate scandal, so on and so forth. Still the Congress and the BJP are giving asylum ...
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