HISTORY
Abdul Karim Telgi from Belgaum in Karnataka is the main accused in the major Telgi scam which is worth more than 43,000 crores. The scam involved the printing and circulation of duplicate stamps and stamp papers. The Telgi scam also involved senior police officials and politicians who have aided Abdul Karim Telgi to develop this multi crores business. In the year 2003, Abdul Karim Telgi started printing fake stamp paper and also along with this appointed nearly 300 agents for selling the duplicate stamp papers to bulk purchasers like banks, financial institutions, insurance companies and share broking firms. The Indian economy was very badly affected by the Telgi scam which was spread across 72 towns and 18 States in a very short span of ten years.Many states especially more of South Indian states have been very badly affected by the Telgi scam due to loss of huge revenues.
TELGI SCAM LEFT BEHIND A SERIES OF UNPLEASANT EVENTS
This operation had no system and flourished on the splintery high minded fabric of the establishment and its political background making obvious the sparseness of the system. The Telgi scam had left behind a series of very unpleasant events that every party is trying to make up. The Telgi scam is also another episode which clearly pictures the accountability of officials and political leaders. A shortage of stamp paper engineered with the help of a few officials of the Indian Security Press at Nashik enabled Telgi to expand his illegal business throughout the country. Telgi had appointed lot of agents in the South and especially one agent named Sheik Waheed who worked to explore the loopholes or inadequacies in the law and when the right time emerged Telgi and his team established a well- knitted network in at least four different states like Maharashtra, Andhra Pradesh, Karnataka and Tamil Nadu.
THE APPENDAGE OF THE TELGI SCAM
However the appendage of the Telgi scam was also reported to be penetrated in twelve different states. At least twelve cases was registered in the state of Maharashtra relating to counterfeit stamps and nearly 15 other cases related to the same Telgi was charge sheeted in other parts of the country. Even after the registration of the cases there were no serious action taken by the police on behalf of this which very clearly stated that the scamster had mastered the technique of corrupting the system. This also does not mean that the police was corrupted nor the politicians were involved in paving way for the deals of the scamster but instead there are also records which clearly state that there were lot of illegal support from various other organizations and departments of the Government which were helping in the production and the selling of the high security stamps.
JAISWAL REPORT WHICH WAS HEADED BY A SPECIAL INVESTIGATION TEAM

DETAILED - MODUS OPERANDI

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