Adbul Karim Telgi, racketeer and kingpin of the multi-crore fake stamp racket scam, is in a critical condition. He is currently admitted in Bengaluru's Victoria hospital. Abdul Karim was sentenced to 30 years of imprisonment in 2007 for a fake stamp racket worth crores. An enormous fine of Rs 202 crore was also imposed on him.
Telgi had ‘collapsed’ in Bengaluru’s Parappana Agrahara Central Jail, where he had been serving his jail sentence, after which he was admitted to hospital. "He should have been admitted earlier. There has been a delay," Telgi's lawyer MT Nanaiah had told PTI.
Telgi had started his business as a boy who had a stamp vending stall. His work consisted of meeting the large statutory and legal requirements for demand of stamp paper in the country that the government was unable to meet at the time. He tapped the opportunity and filled the void with his fake stamp papers. The size of the scam was reportedly pegged at anything between Rs 20,000 to Rs 30,000 crore. The business that began in the early 1990s and thrived for a good 10 years.
In 2002 a special investigation team (SIT) excavated his fake stamp paper racket after tapping a number of phones. The amount involved was then estimated to be worth crores of rupees. Telgi produced fake stamp paper and then allegedly sold it to banks, insurers and others.
He was recently in news while he was serving his term in the Parappana Agrahara Central Jail in Bengaluru. In July 2017, there were allegations by a report by DIG (Prisons) D Roopa which claimed that Telgi was getting special treatment in prison. A report by ANI claims, Telgi was availing body massage from three-four fellow-prisoners who were allegedly allotted to him.
Fake stamp paper scam master has been suffering from diabetes and hypertension for over 20 years, besides other ailments, including AIDS and currently remains to be in a critical state.