This document provides an overview of the Telgi scam, one of the largest financial scams in India's history. It describes Abdul Karim Telgi's background and how he began counterfeiting stamp papers and created a large network across multiple states. Key people involved in the scam are identified, including politicians and police officials who helped Telgi. The document also provides details on the methods used, scale of the scam estimated in billions of rupees, impact on the public, Telgi's death, and how his actions violated business ethics.

1. Fabulous Five

4. CONTENTS
What are Indian Stamp papers ?
Their types & uses
Introduction
Key Players of Telgi Scam
Whistle Blowers
Proofs
Methods followed by Telgi
Numerical figures
Impact of Telgi scam
Telgi’s death
Conclusion
Violation of Ethics
Harmila
Chahat
Diksha
Prachee
Aishwarya
Chahat

5. INDIAN STAMP PAPERS

7. Different Types of stamp papers
The different denominations of stamp papers are Rs.10, 20,
50,100, 500, 1000, 5000, 10000, 15000, 20,000, 25,000.
They are 14 Categories of Stamps papers , few of which are as
follows:
Non-Judicial Stamp Papers Judicial Stamp Papers
Court Fee Papers Court Copy Papers
Court Fee Label Share Transfer Stamps
Insurance Stamps Spl.Adhesive Stamps
Foreign Bills Hundi
I.A.L.F. Revenue Stamps
Notary Stamps Brokers Note

8. USES OF STAMP PAPERS
 Stamped paper has been widely used around
the world to collect taxes on documents
requiring stamping, such as leases,
agreements, receipts, court documents and
many others.
 The papers are bought blank apart from the
pre-printed stamp and are available from
stationers, lawyers offices, post offices and
courts according to local regulations.
 The parties to the matter then write their
legal business on the paper and lodge it with
the court or other interested party.
 This is an efficient way of collecting taxes
and stamping documents without the need to
submit them to a separate government
stamp office.

9. INTRODUCTION TO TELGI SCAM
 One of the biggest scams India has ever faced.
 Telgi’s network spread across 13 states involving 176
offices,1000 employees and 123 bank accounts in 74 cities.
 Movie known as ‘MUDRANK’ was made in 2008 based on
Telgi scam.

10. Early life
 Born- 1961
 Mother – Housewife
 Father – Employee of Indian Railways.
Passed away when Telgi was young.
 Education- Telgi paid for his own education
at Sarvodaya Vidyalaya, an English medium
school, by selling fruit and vegetables on
trains.
 Graduation(B.Com)- Belgaum college
 He moved to Saudi Arabia. Came to
Mumbai after seven years (1980s)
 He began a career in counterfeiting,
originally focusing on fake passports.
 Worked as a travel agent.
 Later he worked in a Colaba guest house.
Abdul Karim Telgi

11. Key Players
 Two MLAs- Anil Gote (MLA Dhule,Maharashtra)
and Krishna Yadav(Himayat Nagar,Andhra
Pradesh)
 Former A.P.minister C.B.K.Yadav
 Former Mumbai Police Commissioner R.S.Sharma
 Former Joint Commissioner of Police, Crime
branch,Mumbai,S.S.Vaghal
 Former Deputy Commissioner (Detection) of
Mumbai Police,Pradip Sawant.
 Kishore patil(suspended IPS officer)

12. Whistle Blowers
1. Shamshuddin Miyalal Mushrif,
Deputy Inspector General of Police,Mumbai
 Revealed the alleged involvement of top
police officials.
 During his tenure as Pune Additional
Commissioner of Police, Mushrif had questioned
the conduct of his boss, then Pune Police
Commissioner Ranjit Singh Sharma, and another
official, Pune Additional Commissioner of
Police MC Mulani, in investigating the case.
 Was forced to resign.

13. Whistle Blowers
2. Jayant M Tinaikar,
Telgi’s childhood mate.
Reported different frauds to police
Even wrote a letter to President of India
Got death threats
Became bank corrupt
Was very courageous

18. Method followed by Telgi
 His agents would first talk to the henchmen of
politicians.
 As the next step he would build a chain of ‘reliable
contacts’ through the first contact and deals were struck
in his presence.
 Telgi would then offer them a State wide contract.
 Telgi floated several companies, including a film
distribution agency to facilitate his activity.
 He recruited unemployed youth to sell counterfeit
stamps at 2 per cent discount. Chit companies, along
with courts and real estate agencies, were his prime
targets.

19. Numerical figures
 The Special Investigating Team (SIT) of the
Maharashtra Police put the total value of the scam
at Rs.21,28,47,07,824.
 Later this was revised to Rs.32,000 crores by the
Union Home Secretary.
Seized fake stamps, valued at Rs.170 crores, displayed in
Bangalore.

20. Numerical figures
 EX-Finance Minister Jaswant Singh
was Speaking in the Lok Sabha on a
calling attention motion on the stamp
paper scam, the minister said the agencies
had registered 74 cases in this connection,
with 15 against chief accused Abdul
Karim Telgi.
 Special Investigation Team (SIT) first
taken the case during 1995-2003 and then
hands over stamp scam cases to Central
Bureau of Investigation (CBI) on April
13, 2004

21. COURT’S
VERDICT
On 17 January 2006, Telgi and several associates were
sentenced to ten years rigorous imprisonment.
On June 28, 2007 Telgi was sentenced to rigorous
imprisonment for 13 years.
Fined a whopping Rs. 202 crore on various counts in one
of the main cases of the scandal.
 Honorable Judge Chitra Bedi sentenced 42 other accused
in the case, who too had pleaded guilty, to rigorous
imprisonment for up to six years and imposed fines on
them.

22. Impact of Telgi Scam
 Public sector bank became more responsible
 Government verified the stock of Stamp Papers with
Authorized vendors.
 Bankmanagers ensured that further transactions are proper.
 Public/People suffered the most as legal cases were delayed
due to declaration of stamp papers as fake papers.

23. Telgi’s death
Abdul Karim Telgi, the prime accused in the
multi-crore fake stamp paper scam, died in Indore,
Madhya Pradesh in 2012 due to multiple health
problems , viz HIV AIDS, Diabetes, Hypertension,
Weak bones, etc.

24.  Arrested in
1991 by
Mumbai
police for
cheating.
 In 1994,
Telgi
acquires a
stamp paper
license, sets
up office at
Mint Road.
 Telgi's fakes
carried the
same
numbers and
reached the
Mumbai
market.
Conclusion

25. The fakes
were then
distributed to
authorised
vendors and
sold along
with genuine
ones.
He
appointed
300 people,
including
MBAs as
agents who
sold the fakes
to bulk
purchasers.
Several
cases against
him in the
'90s. Finally
arrested in
August 2001.
Conclusion

26. VIOLATED ETHICAL
COMMANDMENTS
 1st Realize that our own actions or failures to act will
determine our future. People alone are in charge of this
world. No hypothetical or imagined powers, including devils
and gods, can share responsibility with us.
 5th Expand our knowledge and develop our understanding
of all things. To broaden our understanding of the world, we
must look, listen, touch, smell, feel, and taste more. We must
learn about the environment, war, and peace, and we must
encourage others to learn about similar things so that we
can cooperate to build a better future. Being well rounded in
these regards means we will be less likely to operate on
ignorance more likely to accept alternative outlooks and
lifestyles. By continually expanding our knowledge of all
things, we can do our part to foster a world of
understanding and cooperation rather than one of
opposition and war.

27. Violation of Ten commandments
of business ethics
 Be honest, truthful, candid(open) and sincere.
 Have integrity: Strive to be scrupulous(principled).
 Keep your word and abide by the spirit as well as the letter of the law.
 Maintain fidelity(faithfulness): Be faithful and never disclose confidential information.
 Always be fair: Demonstrate a commitment to justice, with equal treatment of all.
 Care for others: Be kind.
 Respect others in every way.
 Be a responsible citizen. Obey just laws and protest
 unjust ones.
 Strictly pursue excellence.
 Always be accountable: good leaders lead by example.