Saturday 1 October 2011

After notes now fake stamp papers - Telgi Scam


Stamp paper scam
The stamp paper scam has the Mumbai police running for cover.
A native of Belgaum in Karnataka, Abdul Karim Telgi, is suspected to be the kingpin of the racket, which involved printing and circulating duplicate stamps and stamp papers.
Senior policemen and politicians are suspected to have helped him expand his multi-crore business.
Already many policemen have been held in connection with the scam. But a lot more questions need to be answered
The kingpin of multi-crore fake stamps and stamp paper racket Abdul Karim Telgi was Tuesday convicted by a special court for his role in a 1995 case of selling fake stamp papers worth Rs 17 lakh.
This is the first conviction of Telgi who is lodged in Yerwada prison in Pune. He was not present when the judgment was delivered but appeared on television through video conferencing. Special Judge U D Salvi delivered the judgment in the jam-packed courtroom.
Telgi's associates Sanjay Gaikwad and Ram Ratan Soni were also convicted.     
Telgi, Gaikward and Soni were awarded rigorous imprisonment for ten years and Rs 50,000 fine on the charge of conspiracy. Prosecutor Pradeep Gharad sought maximum life punishment for the accused but all of them pleaded clemency on humanitarian grounds. Telgi through video conferencing urged the court to show lineancy as he was suffering from HIV/AIDS and his wife was admitted to the hospital.

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