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Abdul Karim Telgi (born 1956) is a convicted Indian counterfeiter. He earned money by printing counterfeit stamp paper in India. He cited Sharad Pawar, then the chief of NCP party, name in relation to a 600 billion (US$9.4 billion) stamp-paper scam, during a narcoanalysis filmed by various Indian news channels, wherein he also mentioned NCP leader, and former Deputy Chief Minister of Maharastra 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.i[3]

Counterfeiting career[edit]

Telgi moved to more complex counterfeiting when he began to counterfeit stamp paper. He appointed 350 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 320 billion (US$5.0 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 1 billion (US$16 million), despite making a salary of only 9,000 (US$140) 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 10 billion (US$160 million). The Income Tax Department requested that Telgi's property be confiscated to pay the fine.[6]

Movie Related to Case[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 August 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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165 news items

Daily News & Analysis

The New Indian Express
Thu, 23 Jul 2015 08:33:45 -0700

NCP legislator Jitendra Awhad, speaking to reporters outside Vidhan Bhawan, alleged that BJP MLA Anil Gote had links with the stamp paper scam kingpin Abdul Karim Telgi. Gote, who hails from Dhule district, countered the charge by alleging Telgi's ...
 
Business Standard
Fri, 24 Jul 2015 02:45:00 -0700

The ruling party members also displayed placards about arresting middlemen of Abdul Karim Telgi, the main accused in the multi-crore fake stamp paper case following which the House had to be adjourned for 20 minutes. Later, Vikhe Patil and NCP leader ...

Firstpost

Firstpost
Thu, 09 Jul 2015 03:17:29 -0700

9) Abdul Karim Telgi - The fake stamp paper scandal came to light in the year 2000 when the Bangalore police arrested two persons, who later led the cops to Telgi. The CBI later took over the case and unearthed a scam of huge proportions, after which ...

Daily News & Analysis

Daily News & Analysis
Sat, 06 Sep 2014 22:16:41 -0700

A court here has dismissed the plea of former Delhi Police inspector Sardar Puran Singh, an alleged aide of multi-crore fake stamp paper scam kingpin Abdul Karim Telgi, seeking production of files pertaining to over a decade-old case. Chief ...
 
India Today
Wed, 26 Dec 2012 04:50:12 -0800

Multi-crore fake stamp paper racket kingpin Abdul Karim Telgi 's health is in a bad shape. He is suffering from multiple ailments and is wheelchair-bound. The 11 years he spent in jail has also ruined the 61-year-old's health. Today he has to depend on ...
 
Daily News & Analysis
Wed, 11 Dec 2013 20:04:20 -0800

For the next three years, a police officer will have to forego a part of his salary for failing to inform his seniors about “various facilities” that Abdul Karim Telgi, an accused in the bogus stamp paper scam case, had been enjoying while being in ...
 
Times of India
Mon, 28 Oct 2013 17:47:08 -0700

BANGALORE: A 45-year-old Central Armed Reserve (CAR) constable was arrested for allegedly supplying three mobile phones to Abdul Karim Telgi, who is in jail for his role in the multi-crore fake stamp paper scam. The accused, Yenkanna Meti, was one of ...
 
NDTV.com
Tue, 11 Jan 2011 09:16:59 -0800

Mumbai: The Bombay High Court on Tuesday granted bail to Abdul Karim Telgi, alleged kingpin of the multi-crore fake stamp paper scam, in a 2003 case. In December 2003, police had lodged an FIR against Telgi and several others for allegedly stealing ...
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