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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$9.1 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$4.8 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$15 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$150 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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152 news items

Tehelka

Tehelka
Fri, 07 Aug 2015 01:57:03 -0700

Like in the case of Abdul Karim Telgi, a fruit seller who kept cheating the system till the time the Stamp Paper Scam became public knowledge. In India, which is going to cross the 69-year mark of independence, corruption seems to be an integral part ...

Daily News & Analysis

Daily News & Analysis
Sat, 06 Sep 2014 21:18:45 -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

Economic Times
Thu, 23 Jul 2015 08:56:28 -0700

... hurling charges at each other within and outside the Maharashtra Assembly. 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.
 
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 ...
 
Times of India
Thu, 05 Jun 2014 08:39:05 -0700

BANGALORE: Abdul Karim Telgi, who is convicted in a series of cases relating to fake stamp paper racket attended his daughter's marriage in Bangalore on Thursday. At 8am Telgi arrived in an ambulance from Central Prison , Parappana Agrahara and ...
 
India Today
Sat, 10 Mar 2012 23:52:39 -0800

Days after Abdul Karim Telgi, kingpin of the multi-crore fake stamp paper racket, was sentenced to life imprisonment by a special court in Mumbai, a former Delhi Police inspector has been convicted on bribery charges in a related case. Puran Singh has ...
 
The Hindu
Thu, 29 May 2014 15:55:35 -0700

Abdul Karim Telgi, who was convicted in the stamp paper racket cases, moved the High Court of Karnataka on Thursday seeking a direction to release him from the Bangalore Central Prison to perform his daughter's marriage, scheduled to be held in ...
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