Scam 2003 The Telgi Story: Story of Abdul Karim Telgi mastermind of Scam 2023

Scam 2003 The Telgi Story Mastermind: The mastermind behind India’s infamous counterfeiting scandal, Abdul Karim Telgi established a counterfeit industry worth 30,000 crore before being given a 30-year prison sentence in 2006.

Scam 2003: The Telgi Story was released on Sep 1. The season 2 of the Scam franchise’s is directed by Hansal Mehta, the man behind the wildly popular web series Scam 1992. The web series, which will be available on SonyLIV, is based on Sanjay Singh’s Telgi Scam: Reporter’s ki Diary. Let’s learn more about Abdul Karim Telgi, on whom the narrative is based.

One of India’s most controversial counterfeiting scandals was masterminded by Telgi, a name that is synonymous with notoriety there. Telgi, who was born in 1961, lived a life marked by ambition, cunning, and crime that culminated in a counterfeit empire that rocked the country’s financial institutions.

TelgiĀ experienced hardship in his early years. When Telgi was a young boy, his father, an employee of the Indian Railways, passed away. He sold produce on trains in order to pay for his education. Telgi eventually relocated to Saudi Arabia before coming back seven years later with counterfeiting as his intended new career.

Telgi initially concentrated on counterfeiting passports. He even established Arabian Metro Travels as a company to make it easier to export labor to Saudi Arabia. His business created phony documents that allowed workers to avoid immigration checks; this is known in the business as “pushing.”

However, Telgi soon switched to a more profitable endeavor: fake stamp paper. To sell these fakes in bulk to buyers like banks, insurance companies, and stock brokerage firms, he hired 300 agents. This operation had a staggering scope, with a budget of about 30,000 crore.

There were numerous police officers and government workers involved in the scandal because it was so widespread. In the end, Telgi was given a 30-year prison term with hard labor in 2006. He was given an additional 13 years of probation in 2007.

Additionally, he was required to pay a 202 crore fine. Telgi was renowned for leading a lavish lifestyle that frequently included going to dance clubs. Even a bar dancer named Tarannumn Khan was rumored to be his true love. He reportedly spent 90 lakh on a dancer in a single evening at the bar, according to reports.

Meningitis, along with long-standing medical conditions like diabetes and hypertension, caused him to pass away suddenly in 2017. In the end, Abdul Karim Telgi was a complicated character; he was a man from modest beginnings who rose to build an empire, albeit one that was based on dubious moral principles.