ABDUL KARIM TELGI SCAM

BY SOUNDARYA A

4th Sem MFA

An individual who used to work at a
railway station as a fruit seller. One of
the biggest frauds in India and the scam
worth is ₹32000crs.
Telgi’s network spread across 13 states
involving 176 offices, 1000 employees
and 123 banks in 74 cities.
Movie known as ‘MUDRANK’ was made
in 2008 based on Telgi scam.
He was born in 1961.
Telgi’s mother is
house wife

Telgi’s father was

railway’s class 4
officer, his father
did his job with
utmost sincerity &
hard work.

Due to his job, his

entire family had to
shift to Khanapur
(Belgaum district in
Karnataka) and Abdul
grew up there.
 When Abdul reached
7-8years, his father
died due to diabetes
and other illness

He has two brothers

ABDUL RAHIM and
ABDUL HAZIM.
After death of their
father, they used to
sell fruits at
khanapur railway
station.
At that time in station
10-12 trains used to
halt, their livelihood
depended based on
those people.
After completing his
schooling, Abdul joined
Gogte college of commerce
as Bcom student. After his
graduation, he started
searching for a job.

Initially he found it a
bit diffcult to find jobs.

Then he directly went

to mumbai. Once he
reached, he landed a
job at Fillix India as a
sale executive. He was
not able achieve the
targets and due to bad
performance, he lost
his job.
After that, he found another job, south
Mumbai’s Kishen guest house as
Manager. After working there for a
while, he wanted to travel to middle east
to earn money. He got to know that if
you go to middle east, he can earn a lot
of money.

Hence in 1986, he
went to Saudi
Arabia.
He worked there
for a couple of
years.
 he had to leave
certain jobs as well,
as he wasn’t
working properly.

when he
understood, that
nothing good is
happening. He
came back to
Mumbai again.

That’s where his scam journey started

From the beginning, Abdul was
interested in quick money. Rather than,
earning through hard work.
He saw that there were a lot of travel
agents.

Who prepare fake passports and visas of

people Through which they earn a lot of
money too.
He saw those businesses and thought to
himself that if he starts a business like
this then he will also earn a lot of money.
Hence, he started a
company named Arabian
Metro Travels.
Most people who wanted
to travel to middle east,
they didn’t have proper
documents. Most of them
were not even eligible for
this.
 Then Abdul used to
tamper their
documents and
used, to make sure
that they would be
able to get through
the immigration
clearance quite
easily.

He did this for a few years. And through

this, he earned a lot of money. But once
Immigration officials caught him red-
handed, due to which he was locked
behind bars.
 According to the
Immigration Act,
under the offence of
cheating. He was
kept in jail for some
time and something
happened here,
which strengthened
his fraudulent.

In jail, Abdul met

Ratan Soni who
used to deal with
stock exchange
deals and he was
arrested related
to that fraud.

Ratan started guiding Abdul and told

him that if you want to commit a crime,
then do a huge crime. Don’t get involved
in small crimes. At the same time, he
gave an idea of fraud to Telgi.
 He told about
government’s
stamp paper office,
no one pays much
attention to that.

Once they were out of the jail, both

started working on the scam. They have
taken help of Politicians and
government officials. they made good
connections with them and fill their
accurate pockets at the right time.
 In 1994, they applied
for a stamp vending
license, so that when
they start selling fake
stamp papers then no
one doubt them.

Indian govt. has an Indian

security press where the
stamp papers were
printed.

When the machineries

used to get junked, then
it used to be auctioned
or it used to be sold in
trash.
Abdul went to the
auction and started
buying those machinery
and also made some
contacts with the staff at
Indian security press.
 Later, due to some
difference Ratan
soni and Abdul got
separated

Abdul started operating his stamp fraud

in the form of a huge organisation. Fake
stamp papers, non judicial stamps,
Revenue stamps, Notarial stamps,
Broker notes, Share transfer certificate,
Insurance Agency stamps. He started
preparing duplicates of all these.
In order to operate his scam on a huge
level. He hired 350 agents, with the help
of them he started selling these fake
stamp papers to Banks, Insurance
companies, Stock brokerage firms in
bulks.
 He will have to create a
shortage in market. So,
with help of some
government officials
and policitians. They
started to send real
stamp papers on fake
address

He started spreading his stamp paper

fraud very rapidly in 18states.

In 2000, Bangalore police got a tip that

a two people are transporting fake
stamp papers.
Police went there and conducted a raid.
Due to the raid, they got hold of stamp
papers.
They started investigating in detail.
Initially, they didn’t tell anything but
later they revealed everything.

Police immediately
started tapping
Abdul’s phone.
Then they started
searching him.

After a few days,

police got a till that
he is travelling to
Ajmer. Police went
there and arrested
him.
He was sentenced 30 years in
prison and also find him with
₹202crores. While serving his
sentence, he died in the year
2017 due to health issues.
VIOLATION OF COMMANDMENTS OF
BUSINESS ETHICS

❖Be honest,truthful, open and sincere.

❖Have integrity.
❖Keep your word and abide by the spirit
as well as letter of the law.
❖Be faithful and never disclose
confidential information.
❖Always be fair.
❖Care for others.
❖Be a responsible citizen.
❖Always be accountable.
MORAL OF THIS SCAM

OUR OWN ACTIONS OR FAILURES

TO ACT WILL DETERMINE OUR
FUTURE.

WE PEOPLE ARE INCHARGE OF

THIS WORLD.