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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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6 news items

 
Indian Express
Wed, 08 Oct 2014 22:04:29 -0700

The sitting Dhule City MLA, now contesting on a BJP ticket, has spent four years in jail for his association with stamp paper scam mastermind Abdul Karim Telgi. He was accused of being a close associate of Telgi and having used his political clout to ...
 
Times of India
Sun, 19 Oct 2014 13:03:45 -0700

During the poll campaign, Kadambande had also raked the issue of Gote's connection with Abdul Karim Telgi, convicted in the stamp paper scam. Gote secured 57,780 votes while Kadambande got 44,852 votes. Though the Congress won three of the five ...

Daily News & Analysis

Daily News & Analysis
Sat, 11 Oct 2014 17:34:00 -0700

Gokhale argued that the government had informed him earlier that following the fake stamp paper scam, which was masterminded by Abdul Karim Telgi, several vendors had shut shops. "Government is using Telgi as a shield and refusing to address the issue ...

Daily News & Analysis

Daily News & Analysis
Tue, 14 Oct 2014 09:40:34 -0700

Gokhale also said that according to the officials, many vendors closed the business in the aftermath of fake stamp-papers scam, masterminded by Abdul Karim Telgi, and alleged that government was using Telgi's scam as an excuse. The shortage of stamps ...

Calcutta Telegraph

Calcutta Telegraph
Sat, 27 Sep 2014 15:07:30 -0700

... was chief minister in the mid-1990s and is used sparingly for high-profile cases. Its advantage is that the VIP convicts don't have to be taken out to be put in jail. The first major trial it hosted involved the fake stamp paper scam accused, Abdul ...

Daily News & Analysis

Daily News & Analysis
Thu, 09 Oct 2014 00:37:56 -0700

Since the beginning of his campaign for the Maharashtra Assembly polls, Prime Minister Narendra Modi has been consistantly advocating eradication of corruption, muscle power and criminals. However, Modi today campaigned for a candidate with 12 ...
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