Fri. Feb 23rd, 2024

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The Real Story of Abdul Telgi

Introduction

Abdul Karim Telgi was a convicted Indian counterfeiter who earned money by printing counterfeit stamp papers in India. He was born in Khanapur, Karnataka, India, on July 29, 1956. He started his career as a fruit seller and then moved on to selling vegetables.

How he started his scam:

Telgi used his knowledge of the stamp paper business to create high-quality counterfeits that were difficult to distinguish from the real thing. He sold the counterfeit stamps to a network of agents who distributed them to banks, government offices, and other businesses.

The scam was so successful that Telgi was able to amass a huge fortune. He lived a lavish lifestyle, owning a fleet of cars, a private jet, and a luxurious mansion. He also donated money to charities and religious organizations.

The scam was eventually uncovered in 2000. Telgi was arrested and charged with fraud and forgery. He was convicted and sentenced to 30 years in prison. He died in prison on October 23, 2017.

The scam’s impact:

The Stamp paper scam was one of the biggest financial scams in Indian history. It is estimated that Telgi’s counterfeit stamps had a face value of over ₹30,000 crore (US$4.1 billion). The scam had a devastating impact on the Indian economy and led to the loss of millions of jobs.

The scam also exposed the corruption and inefficiency of the Indian government. The fact that Telgi was able to counterfeit stamp papers for so long without being caught is a testament to the lax regulations in the Indian government.

The scam’s legacy:

The Stamp paper scam is a cautionary tale about the dangers of corruption and the importance of financial regulation. It is also a reminder that even the most sophisticated scams can be brought down by law enforcement.

Abdul’s Wife and Girlfriends:

Abdul Karim Telgi was married to Shahida Telgi. They had a daughter together, Sana Telgi. Shahida Telgi was a housewife and did not participate in her husband’s criminal activities.

Sahida Telgi (Source: The Statesman)

Telgi also had several girlfriends, including a bar dancer named Trupti Desai. Desai was a key witness in the case against Telgi and testified against him in court.

Telgi’s wife and daughter were not implicated in the scam and were not charged with any crimes. However, they were subjected to a lot of media scrutiny and public attention. Shahida Telgi was forced to move out of her home and her daughter was expelled from school.

After Telgi’s death, his wife and daughter have tried to rebuild their lives. Shahida Telgi has written a book about her experiences and Sana Telgi has started a foundation to help other victims of financial fraud.

Politicians involved in the Scam:

There were several politicians involved in the Stamp paper scam. Some of the most notable names include:

  • Sharad Pawar, the former Chief Minister of Maharashtra.
  • Chhagan Bhujbal, the former Deputy Chief Minister of Maharashtra.
  • Roshan Baig, the former Minister for Transport in Karnataka.
  • Anil Gote, the former Minister for Stamps and Registration in Maharashtra.
  • Suresh Bhole, the former Chairman of the Maharashtra State Board of Stamps and Registration.

These politicians were accused of accepting bribes from Telgi in exchange for their help in promoting his scam. They were also accused of using their influence to protect Telgi from the law.

All of these politicians have denied any wrongdoing. However, the CBI (Central Bureau of Investigation) is investigating their role in the scam.

The involvement of politicians in the Stamp paper scam is a major scandal. It has raised serious questions about the corruption and inefficiency of the Indian government. It has also damaged the reputation of the Indian political system.

The scam is still being investigated and it is not clear how many politicians will be charged with crimes. However, the scandal has already had a significant impact on Indian politics. It has led to calls for reform and it has raised public awareness of the dangers of corruption.

Scam 2003 Streaming:

The Telgi Story is currently streaming on SonyLIV. It is a Hindi-language biographical financial thriller streaming television series based on the 2003 India Stamp Paper Counterfeiting committed by Abdul Karim Telgi. It is the second installment in the Scam franchise, following Scam 1992: The Harshad Mehta Story.

The series premiered on SonyLIV on September 1, 2023. It stars Gagan Dev Riar as Abdul Karim Telgi

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