Abdul Karim Telgi
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Abdul Karim Telgi is an alleged scamster from India. Born to an employee of Indian Railways in 1961, he had to sell fruits after the death of his father. He and his brothers studied at Sarvodaya Vidyalaya, an English medium school. He completed his B.Com from a Belgaum college. After this, he moved to Saudi Arabia. After spending 7 years in Saudi Arabia, he came back and worked as a travel agent.
He was arrested in 1991 by Mumbai police for cheating. He reportedly learnt the tricks of forgery from an expert in prison which eventually made him famous. In 1994, Telgi acquired a stamp paper licence from the Government of India.
He began printing fake stamp papers. He appointed 300 people as agents who sold the fakes to bulk purchasers: banks, FIs, insurance companies, share-broking firms. His monthly earnings: Rs 100 crore (US $ 20 million).