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Abdul Karim Telgi, kingpin of the multi-crore fake stamp paper scam, dies

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Abdul Karim Telgi

[vc_row][vc_column][vc_column_text]Telgi was sentenced to 30 years rigorous imprisonment in 2006 and slapped with a fine of Rs202 crore, he had been lodged in a Bengaluru prison for the past 16 years

Abdul Karim Telgi, kingpin of the multi-crore fake stamp paper scam that made international headline nearly two decades ago, died of multiple organ failure at a government hospital in Bengaluru on Thursday.

According to a report by news agency PTI, the 56-year-old Telgi died around 3.55pm at Bengaluru’s Victoria Hospital, where he had been admitted with meningitis a few days ago.

According to the doctors, the high-profile convict was on ventilator and life support after he suffered a multiple organ failure.

Telgi was sentenced to 30 years rigorous imprisonment in 2006, besides being slapped with a whopping fine of Rs202 crore. He had been lodged in the Parapana Agrahara central jail in Bengaluru for the last 16 years.

The fake stamp-paper scam kingpin was arrested in Ajmer in November 2001 in connection with the fraud that was estimated to be worth several crore of rupees. Between 1992 and 2002, investigative agencies had filed a total of 12 cases against Telgi relating to counterfeit stamps in Maharashtra alone. As many as 15 cases on similar charges had been filed against him in other parts of the country and it was believed that his fake stamp paper racket extended across a dozen Indian states.

Son of a Class 4 railways employee, Abdul Karim Telgi, was first arrested in 1991 by Mumbai Police for cheating. However, the years that followed saw a meteoric rise in his social, criminal and financial profile.

According to reports published by various media organisations when Telgi was arrested and later convicted in the scam, he had acquired a stamp paper licence in 1994 and, apparently through his political connections cutting across party lines, had procured machinery from Nashik Security Press which had been declared as ‘junk’.

Telgi and his aides made use of equipment discarded by the India Security Press (ISP) at Nashik and were able to get the assistance of technical personnel, both serving and retired, of the ISP. In a short span of time, Telgi and his henchmen obtained raw materials, such as specialty paper needed for printing the stamp papers, from sources that supplied the ISP and affixed the same security marks as used by the Security Press. Over the next few months Telgi started printing counterfeit stamp papers, judicial court fee stamps, non-judicial stamps, revenue stamps, special adhesive stamps, notarial stamps, foreign bills, brokers notes, insurance policies, share transfer certificates and insurance agency stamps.

According to reports in the Financial Express, Telgi used to sell these fake stamps to bulk purchasers, including banks, insurance companies, and stock brokerage firms. He had appointed as many as 350 people as agents who sold his counterfeit stamps and other documents to bulk purchasers.

Though Telgi had been convicted in the fake stamp paper case over a decade ago, the exact monetary estimate of the scam that he had managed to pull off is not known till date. The initial value of the fraud had been estimated to be around Rs 2000 crore. In the years that followed after his con was exposed and investigated, this estimate rose to a whopping Rs 26000 crore. Some investigators have even pegged the scam to be worth Rs 32000 crore.[/vc_column_text][/vc_column][/vc_row]

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NDA wins Maharashtra, INDIA Jharkhand

After a sweeping victory in Maharashtra, Eknath Shinde, Devendra Fadnavis and Ajit Pawar have held a press conference in Mumbai.

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The NDA on Saturday won the Maharashtra Assembly election with 235 seats, while the Opposition bloc INDIA retained in Jharkhand with 56 seats.

In Maharashtra, the ruling Mahayuti alliance, consisting of the BJP, Ajit Pawar’s NCP faction, and Eknath Shinde’s Shiv Sena, won 235 of the 288 Assembly seats, while the Maha Vikas Aghadi secured 49 seats, and Others 4.

In Jharkhand, the JMM-Congress coalition won 56 of the 81 Assembly seats, while the BJP-led alliance had 24 seats, and Other 1.

Prime Minister Narendra Modi hailed the development and good governance after NDA’s victory in Maharashtra. He also thanked the people of Jharkhand for their support and congratulated JMM-Congress for their victory.

Addressing BJP workers at party headquarters in Delhi, PM Modi said: “It is the victory of development, good governance and social justice in Maharashtra, and it is the defeat of negative politics and dynastic politics.”

Union Home Minister Amit Shah expressed gratitude to the people of Maharashtra for the “historic victory” of the Mahayuti alliance in the state polls and said that by giving such a huge mandate to the NDA, people have shut shops of “fake well-wishers of the Constitution”.

As the JMM-led alliance gained victory in the Jharkhand Assembly elections, Congress leader Rahul Gandhi extended his heartfelt gratitude to the people of Jharkhand and congratulated Chief Minister Hemant Soren for the victory.

In a post on X in Hindi, Gandhi said: “Heartfelt thanks to the people of Jharkhand for giving a huge mandate to INDIA alliance. Hearty congratulations and best wishes to Chief Minister Hemant Soren ji and all the workers of Congress and JMM for this victory. This victory of the alliance in the state is a victory for the protection of water, forest and land along with the Constitution. The results of Maharashtra are unexpected and we will analyse them in detail. Thanks to all the voter brothers and sisters of the state for their support and to all the workers for their hard work.”

In her debut, Priyanka Gandhi won the Wayanad Lok Sabha seats in the byelection with a bigger margin than her brother and Congress leader Rahul Gandhi. She fills the vacancy left by Rahul when he choose Rae Bareli in Uttar Pradesh.

Taking to X, she said: “I am overwhelmed with gratitude for the trust you have placed in me. I will make sure that over time, you truly feel this victory has been your victory and the person you chose to represent you understands your hopes and dreams and fights for you as one of your own. I look forward to being your voice in Parliament!”

In a press conference in Ranchi, Jharkhand Chief Minister Hemant Soren said: “In some places, vote counting has concluded and in some places, the counting is still going on. We can see that the INDIA alliance is performing really well. I thank the voters of the state, including women, men, youth, farmers and people of various castes and religions for casting their votes.”

After a sweeping victory in Maharashtra, Eknath Shinde, Devendra Fadnavis and Ajit Pawar have held a press conference in Mumbai.

“The people of Maharashtra have prioritised development and delivered a decisive mandate to the Mahayuti alliance. We express our gratitude to the citizens of Maharashtra,” stated Ajit Pawar.

Devendra Fadnavis stated that the alliance acknowledges the support of the people of Maharashtra. “This victory heightens our responsibilities. We are committed to fulfilling the expectations placed upon us.”

Chief Minister Eknath Shinde, who significantly contributed to his party Shiv Sena’s strong showing in the Assembly elections, secured victory in his Kopri-Pachpakhadi constituency in Thane by a notable margin of 120,000 votes.

Assam Chief Minister and BJP co-in-charge for the elections, Himanta Biswa Sarma, extended his congratulations to Jharkhand Chief Minister Hemant Soren and his team for achieving an “impressive victory” in the 2024 Assembly elections.

Addressing the media from Matoshree, Uddhav Thackeray raised questions about the rationale behind the public’s support for Mahayuti, stating, “Why have the people voted for Mahayuti? Soybean farmers are in distress, industries are migrating to Gujarat, women’s safety is still an issue, inflation is burdening households, and crop loan waivers remain absent. This isn’t just a wave…it’s a ‘tsunami’.”

On Mahayuti’s victory in the Maharashtra Assembly elections, Madhya Pradesh Minister Kailash Vijayvargiya voiced his support for Fadnavis as the chief ministerial candidate for the neighbouring state.

Meanwhile, Deputy Chief Minister Devendra Fadnavis clarified that there is no conflict over the chief minister’s position, emphasising that leaders within Mahayuti will collectively decide on the matter, considering the coalition’s anticipated landslide victory.

Explaining the reason behind the Maha Vikas Aghadi defeat in the Assembly polls, CPI (Marxist) leader Ashok Dhawale noted that the overconfidence of the MVA following the Lok Sabha results, delayed finalising seat-sharing arrangements, and internal conflicts have led to the defeat of the alliance. In contrast, the BJP and its allies effectively utilised communal polarisation and financial resources, he said.

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Congress says Jharkhand rejected politics of polarisation, Maharashtra result surprising

The results have come, and it is unexpected in Maharashtra, he added.

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Extolling the people of Jharkhand for rejecting the politics of polarisation and giving a mandate to the Opposition bloc INDIA, the Congress on Saturday said the state has shown a new way and sent a positive message to the entire nation. It added that the result of the Maharashtra Assembly election was surprising and inexplicable for the grand old party.

Addressing a press conference, Congress leader Jairam Ramesh said what not were said during political campaigns by Prime Minister Narendra Modi, Union Agriculture Minister Shivraj Singh Chouhan, Assam Chief Minister Himanta Biswa Sarma and Uttar Pradesh Chief Minister Yogi Adityanath.

He said the whole election was fought on one word- infiltrators, adding that BJP tried to create fear, but people responded in a decisive manner. “It is also a positive message for the entire country that the politics of polarisation can be defeated,” he added.

In Maharashtra, without a doubt, in a targeted manner, the level playing field, the word that the Election Commission of India uses, was disturbed, Ramesh alleged. The results have come, and it is unexpected in Maharashtra, he added.

Ramesh, the Congress general secretary in-charge communications, said the party will keep raising questions on electoral transparency. He reiterated the party’s stands on caste census, saying, “We won and lost today but Congress’ agenda will not change and will keep raising issues of caste census.”

BJP-led Mahayuti is all set to form a government in Maharashtra, while JMM-led will retain for the second term.  

Jharkhand Chief Minister, addressing a press conference in Ranchi after crossing the majority mark in the state, said: “In some places, vote counting has concluded and in some places, the counting is still going on. We can see that INDIA alliance is performing really well. I thank the voters of the state, including women, men, youth, farmers and people of various castes and religion for casting their votes.”

Jharkhand Congress in-charge Ghulam Ahmad Mir, sitting beside CM Soren, said: “I want to thank you all. You are a witness to the Jharkhand elections. We told in the beginning that the people of Jharkhand are courageous, and matured in terms of politics. During our campaigning, we had put our work in front of the people. The judge was the people of Jharkhand.”  

Mir asserted that Hemant Soren is the Chief Minister of Jharkhand, will continue to remain so.

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PM Modi hails development, good governance after NDA’s Maharashtra win, congratulates JMM-Congress

The Prime Minister expressed heartfelt gratitude to the people of Maharashtra, especially the youth and the women for their historic mandate.

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PM Modi hails development, good governance after NDA’s Maharashtra win, congratulates JMM-Congress

As the BJP led Mahayuti coalition is set to win in Maharashtra Assembly Elections, Prime Minister Narendra Modi hailed development and good governance. He also thanked the people of Jharkhand for their support, and congratulated JMM – Congress for their victory.

Taking to social media platform X, the Prime Minister expressed heartfelt gratitude to the people of Maharashtra, especially the youth and the women for their historic mandate. He added that development and good governance wins, mentioning that united they will soar even higher.

In another tweet, PM Modi stated that NDA’s pro-people efforts will resonate all over. He thanked people across various states for blessing NDA candidates in several by-polls, adding that they will leave no stone unturned in fulfilling their dreams and aspirations. He expressed that he is very proud of every NDA worker for their efforts on the ground. He underlined that the NDA workers worked hard, went among people and elaborated on good governance agenda. 

In Maharashtra, the Mahayuti is on the way for a thumping victory. The alliance is leading in 233 of the state’s 288 Assembly seats. Meanwhile, the opposition Maha Vikas Aghadi is leading in only 50 seats.

Prime Minister Narendra Modi also thanked the people of Jharkhand for their support towards NDA. He assured that his party will always be at the forefront of raising people’s issues and working for the state. He also congratulated the JMM-led alliance for their performance in the state. 

The BJP-led National Democratic Alliance is set to lose to the JMM-led INDIA bloc. The state’s ruling Jharkhand Mukti Morcha, a Congress ally at the state and central level, is leading in 57 of 81 seats and the NDA in 23.

Union Home Minister Amit Shah, Union Defence Minister Rajnath Singh also thanked the people of Maharashtra for their historic mandate. 

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