Scam mastermind Telgi jailed for seven years, fined Rs.1.30 crore (Lead)

June 11th, 2009 - 11:17 pm ICT by IANS  

New Delhi, June 11 (IANS) Abdul Karim Telgi, the main accused in the multi-million rupee counterfeit stamp paper scam, was Thursday sentenced by a court here to seven years in jail and fined Rs.1.30 crore (Rs.130 million).
Additional Chief Metropolitan Magistrate Sanjay Bansal also sentenced five of his associates to seven years in jail after holding them guilty of criminal conspiracy, cheating and other crimes under provisions of the Indian Penal Code and other offences under the Indian Stamp Act.

Among the other accused, Sohail Khan, Sachin Kalge, Vijay D. Patil and Laxman Maruti were fined Rs.15 lakh each, while Deepak Udale was fined Rs.55 lakh.

The court pronounced the sentence in three cases pending against them here.

The accused, lodged in jails in Bangalore and Pune, participated in the court proceedings through video conferencing, Telgi’s lawyer Anwar Ahmed Khan said.

Telgi, a native of Belgaum in Karnataka, has been accused of forging stamp papers with the face value running in millions of rupees. The scam, spread over several states, came to light in 2003.

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