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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 Sharad Pawar, then the chief of NCP party , name in relation to a INR600 billion (US$9.7 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 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$3.2 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$16 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$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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26 videos foundNext > 

Narco test Telgi names Pawar on tape

telgi named sharad pawar in 2003..in the biggest scam at that time..but mr. pawar is a cabinet minister at the presrnet time .. SHAME.

Who's stalling Telgi judgement?

Scamster Abdul Karim Telgi has written a letter to Special Sessions’ Judge questioning the delay in judgement and expressed shock over transfer of special ...

'Telgi is justified'

Abdul Karim Telgi's lawyer, MT Nainah has said that he is justified in protesting against the transfer of his Judge. He added that if there is a transfer of ...

Stamp paper scam: Telgi convicted for forgery, cheating - NewsX

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TV9 STING OPERATION of Stamp Paper Scam by Lawyer at Dadar,Bandra & Andheri Court.. Multi-Crore Fake stamp paper scam by Abdul Karim Telgi..Old Stamp Paper u...

Telgi case judge made to leave

In Mumbai this afternoon, the judge hearing the Telgi fake stamp paper case has been made to leave with immediate effect. The direction to this effect was is...

Chavan had taken money from Telgi: BJP

Chavan had taken money from Telgi: BJP.

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Close to 11 years after the trial in a hit-and-run case involving actor Salman Khan commenced, the Government of Maharashtra has decided to bring on board a ...

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Satyam's Ramalinga Raju and stamp fraud mastermind Abdul Karim Telgi put together have carried out a scam of more than 35000 crores. There are several other...

TV9 - Nanna Kathe - Ex-ACP Sangram Singh "who carried 20cr to veerapan to get back Dr.Raj" - Full

TV9 - Nanna Kathe - Ex-ACP Sangram Singh "who carried 20cr to veerapan to get back Dr.Raj" - Full.............! Former police officer creates a flutter by st...

26 videos foundNext > 

181 news items

 
SahilOnline
Tue, 25 Nov 2014 20:07:30 -0800

Vedike president Madhav Nayak told reporters that the government cannot cite the multi-crore fake stamp papers scam involving Abdul Karim Telgi as the reason for not introducing stamp paper. Neighbouring states like Goa, Kerala and TamilNadu have ...
 
Oneindia
Sun, 23 Nov 2014 20:24:40 -0800

In fact these were the value of the seizures of the fake stamps that were seized in three separate raids and the mastermind was one man- Abdul Karim Telgi who is cooling his heels off in prison today. Just when some amount of sanity was being restored ...

IBNLive

IBNLive
Sat, 06 Sep 2014 21:25:11 -0700

New Delhi: A court in Delhi 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.
 
Bangalore Mirror
Fri, 31 Oct 2014 15:31:04 -0700

He has handled high-profile cases which include the former prime minister Rajiv Gandhi assassination case, cases pertaining to former railways minister C K Jaffer Sharief, S Bangarappa and the fake stamp paper scam involving Abdul Karim Telgi. Govindan ...
 
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 ...
 
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 ...
 
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 ...
 
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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