The Telgi scam involving the sale of fake stamp papers is probably one of the biggest scams unearthed in the country.
Bangalore: Abdul Karim Telgi, the kingpin in the multi-crore fake stamp paper scam, was on Saturday sentenced to 10 years in prison and fined Rs 50,000.
A special court in Bangalore sentenced Telgi and four of his accomplices for selling fake stamp papers worth Rs 42 lakh to a private firm.
Telgi has been sentenced in Karnataka for the first time in the scam, which spread across 11 states and is reckoned to have cost the government a loss of at least Rs 30,000 crore.
Telgi and his accomplices Irfan, Badriddin, Vazir Ahmed and Pradeep Kumar are in Yerawad jail in Pune. The Bangalore court had on Friday declared them guilty after hearing them through a video conference.
There are 40 more case against Telgi in Bangalore alone. A Mumbai court on January 2006 sentenced him to 10 years imprisonment and fined him Rs 50,000.
Telgi printed fake stamp papers using printing machines purchased illegally with the help of officials of the Central Government's security printing press in Nashik. Before his arrest, Telgi’s monthly profits from the scam were estimated to be Rs 100 crore.
Telgi alleges that bureaucrats and politicians were involved his scam. The case again created a sensation last year when videotapes of his narco-analysis test in Bangalore in 2003 became public and he was heard taking names of famous politicians.
FAKE STAMP PAPER SCAM |
|
(For updates you can share with your friends, follow IBNLive on Facebook, Twitter and Google+)
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.