Telgi scam was one of the biggest scams in India involving the production and distribution of fake stamp papers and stamps across 13 states. Abdul Karim Telgi led the scam with the involvement of many politicians and officials over 10 years. The scam was estimated to be worth over Rs. 43,000 crores and impacted many public sector banks. Telgi was eventually arrested in 2001 and died in prison while serving multiple sentences.

1. TELGI SCAM
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2.  Introduction
 Early life of Telgi
 Key players
 The operation involvement
 Methods followed by Telgi
 Numerical figures
 Impact of Telgi scam
 Telgi death
 Conclusion
contents
Srimatha
Rajesh
Chandana
Venkateswarlu
Sriram

3. INTRODUCTON
Abdul karim telgi-the lead role of the fake stamp paper
scam
Scam exposed links with various politician and top
officials
One of the biggest scam India has ever faced.
Telgi’s network spread across 13 states involving 176
offices,1000 employees and 123 bank accounts in 74
cities.

4. Early life
 Born- 1961
 Schooling-Sarvodaya Vidyalaya
 Graduation(B.Com)- Belgaum
college
 He moved to Saudi Arabia. Came
to Mumbai after seven
years (1980s)
 worked as a travel agent.
 Later he worked in a Colaba guest
house.
Abdul Karim
Telgi

5.  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)
Key players

6.  Stamp paper
 Judicial court fee stamps
 Non-judicial stamps
 Revenue stamps
 Special adhesive stamps
 Notorial stamps
 Foreign bills
 Brokers notes,
 insurance policies
 Share transfer certificates
 Insurance agency stamps
The operation involvement

7.  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.
Method followed by Telgi

8. 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.
Numerical figures

9.  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

10.  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.
 Mudrank film released on telgi scam on 2008.

11.  Public sector bank became more responsible
 Government verified the stock of Stamp Papers with
Authorized vendors.
 Bank managers ensures that further transactions are
proper.
Impact of Telgi Scam

12. Abdul Karim Telgi, the prime
accused in the multi-crore fake
stamp paper scam, died in Indore,
Madhya Pradesh.
Telgi’s death

13. 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 rea-ched the
Mumbai market.
conclusion

14. 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.

15. The scam estimated to be more than Rs 43,000
crore.
Business spanning 74 centers in 13states over
10 years.
Quality of the fake stamps and stamp
papers was as good as that of originals.

16. THANK
YOU..!
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