The

telgi
scam
 Auditing
Sem 2
Manish
Radhakrishnan Khushi Seth
(TL)
21305C0049 21305C0050

Priya Maheshwaran
21305C0047

Seema Yadav Aaryan Naik

21305C0048 21305C0046
 Index
1 Introduction to Telgi Scam

2 About Abdul Karim Telgi

3 Origin of Scam

4 Telgi Arrested

5 Telgi’s Death
 Introduction to
01 Telgi Scam

SCA
M
● Abdul Karim Telgi was believed to be at the
center of the Stamp Paper Scam that was
uncovered in 2001.

● Size of scam – 32000 Cr.

● The story had taken the nation by storm and

Abdul Karim Telgi was put behind bars the same
year.

● In 2018, a year after Telgi's death, the Nashik

sessions court in Maharashtra had acquitted
Abdul Karim Telgi and 6 others in the case in
absence of "solid evidence" against them.
 STAMP

02
About Adbul
Karim Telgi
 Ladsahab Telgi, railway officer had 3 sons
and Telgi was one.

Ladsaab Telgi died and Abdul Telgi and his

brothers started selling fruits at Khanapur
station.

● Completed B. Com degree but found difficulties

to find jobs so he kept changing the jobs.

● Started working as manager at South Mumbai's

KISHEN GUEST HOUSE.

● After a great earning he travelled to Middle East

and returned to Mumbai after a while.
 Origin of
03 Scam

Mon
ey
Telgi observed that, many travel agent
prepared fake documents for people.

Started a business named Arabia's metro

travels.

Started tampering the documents and made

sure that they would able to get the
immigration clearance easily.

Caught red handed by Immigration Officials

and was arrested.
 In jail, Abdul Karim Telgi met another criminal
named Ratan Soni.

Ratan Soni told Abdul Karim Telgi that if you want

to commit a crime then do a huge crime.

Soni gave idea of fraud to Telgi.

He told, concerning Government's Stamp Paper

office. This is such department where no one pays
much heed.
Ratan Soni
If we start preparing Fake stamp paper, then no one
will be able to be find if the stamp is true or fake .
Implementation of Scam
Once they were freed from jail, Ratan soni and Abdul Karim Telgi both
started working on the scam.

They started making connection with underworld and government officials.

In 1994 , they applied for stamp vending license, so that when they start
selling fake stamp paper, then no one doubts them.

In Indian security press, junk machinery were used to be auctioned or sold in

trash.

Telgi starts buying those machineries and made contact with the staff for
getting dye, special paper etc. for printing similar stamp papers.

Once, he started selling these stamp paper then it was hard to recognize
whether the stamp paper were real or fake.
Due to some difference Ratan Soni and Abdul Karim Telgi
were separated and Telgi started operating this stamp fraud
as a huge organization.

He started making duplicate of Fake stamp paper, non

judicial stamps, revenue stamps, notarial stamps, broker
stamps, share transfer certificate, insurance agency stamps.

Telgi's operations had more than 350 agents who sold fake
stamp papers.

His crime spread across 18 states and more than 70 towns.

Abdul Kareem Telgi alias Kareem Lala masterminded, dealt

the economy a Rs 32,000-crore blow, as estimated in 2002-
2003, after his arrest in 2001.
04 Telgi Arrested
• In year 2000 Bangalore Police got tip that
2 people are transporting Fake stamp paper
• Tapped Telgi’s phone.
• Arrested in Ajmer SIT i.e. Special
investigation team.
• Observed that Telgi was operating the
scam since 1994.
05 Telgi’s Death

• Telgi and his associates were ultimately

sentenced to 30 years of imprisonment in
2006.
• Implementation of fine Rs. 202 Cr.
• Telgi died at the age of 56
• Died in Bangalore in October 2017.
 Reference L inks

https://youtu.be/LEJvjPrT2r4

https://images.app.goo.gl/cKtqeX5gRtLRhDhRA

https://www.ndtv.com/topic/telgi
 “The value of money is a scam perpetrated by
those who have it over those who don’t.”
—KAREN JOY FOWLER
SCA
M