15-year jail for Telgi in fake stamp paper scam
Abdul Karim Telgi, the alleged kingpin in the multi-billion rupee fake stamp paper scam, and four of his associates were sentenced to 15 years in prison by a special CBI court in Bangalore.india Updated: Apr 24, 2007 09:46 IST
Abdul Karim Telgi, the alleged kingpin in the multi-billion rupee fake stamp paper scam, and four of his associates were on Monday sentenced to 15 years in prison by a special CBI court in Bangalore after they were convicted in the second fake stamp paper case.
Delivering the order, special court judge V Virupaksha Angadi said besides Telgi, Anees Khan, Badurddin, Ilyas and Salik Wazir were convicted for conspiring to cheat the exchequer and was sentenced to 10 years. They were sentenced to another five years for forgery and counterfeiting of government stamp papers, cheating and criminal conspiracy.
"All the sentences will run concurrently. The accused will also undergo one month's imprisonment under section 63b of the Karnataka Stamps Act," Angadi ruled.
The ruling comes a month after Telgi and his associates were sentenced to 10 years imprisonment in the first case by the same court March 24, with a fine of Rs.50,000 for selling fake stamp papers valued at Rs.490,000 to a private firm in 1999.
Telgi, who is serving a similar sentence in Yerwada jail at Pune after he was convicted on similar charges in Maharashtra fake stamp paper case, heard the sentence through video conferencing.
The city police registered the forgery and cheating cases after the firm lodged a complaint.