When A Fruit Seller Committed A Scam Of 32000 Crore Rupees
The stamp paper scam was a counterfeit stamp paper scam carried out by Abdul Karim Telgi. It is considered one of the biggest scam in India. The Special Investigation Team of India had estimated the size of this scam at a mind-blowing sum of Rs 20000 crore in 2003, adjusting inflation the scam would be around Rs 65000 crores in today’s value of money. What is stamp paper? Traditional stamp paper or non-judicial stamp paper is used for sale deeds, transfer of immovable property, affidavits, agreements, deeds, wills, foreign bills, broker’s note, insurance policy, share transfer certificate, etc. for executing the said documents in States across India. It is issued by the Government and usually carries a stamp paper value of Rs.10, Rs.20, Rs.50, Rs.100, Rs.500, or more. Background of Abdul Telgi Abdul Karim Telgi was a son of a class 4 railway officer. He was born and brought up in Khanapur which is located in Belgaon district of Karnataka. His father died when he was only