Table of Contents
The Real Story of Scam 2023
Do you remember the scam 1992? one of the most interesting, hooking & one of my favorite web series…and guess what the makers are back with another interesting & intriguing web series called Scam 2003.
You can see the trailer here.
Just by the trailer, I can say that it is gonna be a good one.
TBH I had no idea about this scam So, being the curious cat I’m, I did some research & here is what I found about Scam 2003
Who is Telgi & What is Scam 2003?
Here is the story of Telgi, the man & the scam on which the web series Scam 2003 is based on.
Abdul Karim Telgi was an Indian con man who masterminded a massive counterfeit stamp paper scam in India. The scam, which is known as the 2003 Stamp Paper Scam, is estimated to have cost the Indian government over Rs 30,000 crore (US$3.8 billion).
Telgi was born in 1961 in a small town in Karnataka, India. He started his career as a petty trader but soon realized that he could make more money by counterfeiting stamp papers. Stamp papers are used in India to authenticate legal documents, and they are sold by the government through registered vendors.
Telgi set up a fake stamp paper manufacturing unit in Mumbai. He used high-quality printing machines to produce counterfeit stamp papers that were indistinguishable from the real ones. He then sold these counterfeit stamp papers to unsuspecting buyers at a fraction of the cost of the real ones.
Telgi’s scam went undetected for several years. He bribed government officials and police officers to look the other way. He also used his money to influence politicians and media outlets.
In 2003, the scam was finally exposed.
Telgi was arrested and charged with several crimes, including forgery, cheating, and criminal conspiracy. He was sentenced to 30 years in prison in 2006.
The Telgi scam had a devastating impact on the Indian economy. It eroded public trust in the government and the banking system. It also led to a loss of revenue for the government.
The scam also had a significant impact on the lives of ordinary Indians. Many people who had invested their money in the scam lost everything. The scam also led to job losses and a decline in economic activity.
The Telgi scam is a reminder of the vulnerability of the Indian financial system to fraud and corruption. It is also a reminder of the importance of vigilance and transparency in government.