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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$8.8 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 Maharashtra 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 Khanapur, 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 stock brokerage firms. The size of the scam was estimated to be more than 320 billion (US$4.7 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$130) 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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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.

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448 news items

Hindustan Times

Hindustan Times
Tue, 02 Feb 2016 05:51:50 -0800

In the first that lasted from 1999 to 2006, she is most widely credited for the probe against Abdul Karim Telgi, son of a Class IV railway employee who made counterfeiting stamp-papers a multi-crore enterprise across several states. Telgi was ...

NDTV

NDTV
Wed, 03 Feb 2016 04:05:51 -0800

Heading the team that cracked the famous Abdul Karim Telgi case or the fake stamp paper racket, she also made headlines when she was chosen to be the CBI's top investigator. But, the Jayalalitha government said she joined the CBI without taking ...

Firstpost

Firstpost
Tue, 26 Jan 2016 05:05:21 -0800

He was named by Abdul Karim Telgi, during a microanalysis test, stating that it was Pawar's brainchild to print fake stamp papers across the country and mint money. He was also accused in a multi-crore scam involving wheat imports and institutions ...

Economic Times

The New Indian Express
Thu, 23 Jul 2015 15:41:15 -0700

BJP MLA Anil Gote produced to the media a copy of a report of polygraph test done on a police officer Dilip Kamath, who was arrested in 2003 for providing facilities to Abdul Karim Telgi, kingpin of the the multi-crore scam, in police custody. The ...

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

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 ...

India Today

India Today
Tue, 10 Jul 2012 08:08:37 -0700

Seized from them were fake revenue stamps worth Rs 900 crore. The haul was to make yet another headline - one among many in the past year related to Abdul Karim Telgi, a.k.a. Karim Lala. Arrested in Ajmer in November 2001, Telgi is currently in prison ...

NDTV.com

NDTV.com
Tue, 11 Jan 2011 08:52:30 -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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