On August 1, 1961, Abdul Karim Telgi was born in Khanapur, Karnataka, India
When Telgi executed a big swindle involving counterfeit stamp paper in the early 2000s, his criminal career reached its pinnacle.
He created a significant network of operations engaged in counterfeiting and forging spanning numerous Indian states.
Telgi's group produced counterfeit stamp papers and sold them at a discount to different government organizations, banks, and private citizens.
The scheme involves building a parallel economy with fake stamps, which cost the government a lot of money.
The scheme involves building a parallel economy with fake stamps, which cost the government a lot of money.
The scandal was one of the biggest financial frauds in Indian history, with an estimated value of several thousand crores (billions) of rupees.
Abdul Karim Telgi, convict in fake stamp paper scam, dies in Bengaluru
After a protracted inquiry, Telgi was taken into custody in 2001.
For his involvement in the scam involving the fake stamp paper, he was involved in multiple judicial actions in various state
Telgi had worldwide contacts, therefore his illegal enterprises went beyond the borders of India.
Telgi was found guilty in many cases in 2007 and given harsh prison time.