Abdul Karim Telgi
Encyclopedia
Abdul Karim Telgi is a convicted counterfeit
er from India
. He earned money by printing counterfeit stamp paper
in India.
. His father died while he was young. Telgi paid for his own education at Sarvodaya Vidyalaya, an English medium school, by selling fruit and vegetables on trains. Eventually he moved to Saudi Arabia
. Seven years later, he returned to India, at which time he began a career in counterfeiting, originally focusing on fake passports.
One aspect of the scandal that caused much concern was that it required the involvement of many police officers and other government employees. For example, one Assistant Police Investigator was found to have a net worth of over , despite making a salary of only per month.
On 17 January 2006 Telgi and several associates were sentenced to ten years' rigorous imprisonment. On 28 June 2007 Telgi was sentenced to rigorous imprisonment for 13 years for another aspect of the scandal. He was also fined a Rs 100 crore. The Income Tax Department requested that Telgi's property be confiscated to pay the fine.
Counterfeit
To counterfeit means to illegally imitate something. Counterfeit products are often produced with the intent to take advantage of the superior value of the imitated product...
er from India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. He earned money by printing counterfeit stamp paper
Revenue stamps of India
India has been a heavy user of revenue stamps.-Before independence:Before independence, Indian revenue stamps were closely modelled on similar designs from Great Britain, often using a key type design....
in India.
Early life
Telgi's mother was Shariefabee Ladsaab Telgi, and his father was an employee of Indian RailwaysIndian Railways
Indian Railways , abbreviated as IR , is a departmental undertaking of Government of India, which owns and operates most of India's rail transport. It is overseen by the Ministry of Railways of the Government of India....
. His father died while he was young. Telgi paid for his own education at Sarvodaya Vidyalaya, an English medium school, by selling fruit and vegetables on trains. Eventually he moved to Saudi Arabia
Saudi Arabia
The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...
. Seven years later, he returned to India, at which time he began a career in counterfeiting, originally focusing on fake passports.
Counterfeiting career
Telgi moved to more complex counterfeiting when he began to counterfeit stamp paper. He appointed 300 people as agents who sold the fakes to bulk purchasers, including banks, insurance companies, and share-broking firms. The size of the scam was estimated to be more than .One aspect of the scandal that caused much concern was that it required the involvement of many police officers and other government employees. For example, one Assistant Police Investigator was found to have a net worth of over , despite making a salary of only per month.
On 17 January 2006 Telgi and several associates were sentenced to ten years' rigorous imprisonment. On 28 June 2007 Telgi was sentenced to rigorous imprisonment for 13 years for another aspect of the scandal. He was also fined a Rs 100 crore. The Income Tax Department requested that Telgi's property be confiscated to pay the fine.