Fake stamp paper kingpin Telgi dies

Elias Hubbard
October 26, 2017

"He (Telgi) was admitted to Victoria Hospital last week".

Telgi who suffered multiple organ failure on Monday evening was in coma since then and succumbed on Thursday.

Abdul Karim Telgi, kingpin of the multi-crore stamp paper scam, died at Victoria Hospital on Thursday a week after he was admitted there.

"Telgi whose condition was critical with multisystem failure had a cardiac arrest on Wednesday afternoon".

In 2007, the court convicted and sentenced Telgi to 30 years rigorous imprisonment. However, soon after Deputy Inspector General D. Roopa's report on alleged irregularities and preferential treatment to high-profile inmates within the prison hit the headlines, the facilities extended to Telgi and others were withdrawn. He was arrested in Ajmer in November 2001 in connection with the fake stamp paper scam, running into crore of rupees.

He had diabetes, hypothyroidism and hypertension, besides a host of other ailments, prison sources said. He had been in prison for 16 years.

The 56-year-old was convicted of printing, between 1993 and 2002, fake stamp papers in the government security press in Nashik and selling them at a heavy discount to banks, insurance companies and brokerage firms. A whopping fine of Rs 202 crore was also imposed on him.

Other reports by Click Lancashire

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