Telgi: Learn about the Rs

Learn about the Rs 30,000 crore stamp paper scam and the mastermind behind it, Abdul Karim Telgi . Find out how he created fake documents, bribed officials, and evaded arrest for years. The Telgi Scam, one of India's most notorious financial frauds, involved the counterfeiting of stamp papers worth approximately ₹32,000 crores (USD 4.3 billion). Masterminded by Abdul Karim Telgi , the scam exposed deep-rooted corruption and inefficiencies within the Indian bureaucracy and law enforcement agencies. This article delves into the intricacies of the Telgi Scam, its execution, the legal proceedings, and its ramifications on the Indian legal and financial systems. ‘Scam 2003’ trailer out: Who was Abdul Karim Telgi , the kingpin of ‘stamp scams’ worth thousands of crores? In 2005, when the Tax Department first raised a demand of Rs 120 crore against Telgi , it was one of the highest tax demands against an individual. Two years later, he was convicted of the scam and awarded 30 years of imprisonment and a fine of Rs 202 crore. Abdul Karim Telgi , the kingpin of a multi-crore counterfeit stamp paper scam, began as a furniture sales executive with a salary of Rs 3,800 in Mumbai.