Fake stamp paper kingpin Telgi sentenced to RI

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Bangalore, Dec 15 (UNI) A Special Court today sentenced multi-crore fake stamp paper scam kingpin Abdul Karim Telgi and his two associates to five-year Rigorous Imprisonment and slapped a fine of Rs 4.5 lakh, on them.

Special Judge for Fake Stamp Paper cases C G Hungund also sentenced P G Pradeep Kumar to one-year RI and imposed a fine of Rs 5,000 on him for his involvement in setting up of three fictitious companies dealing with capital market.

The fictitious companies--Citizen Enterprises, Unique Services and Cauvery Enterprises-- were involved in fake embossing of share certificates for trading in fake stamp paper with HMT Ltd in the city in 2004.

A case was registered against the four accused for offences of criminal conspiracy and counterfeiting of government stamps for the purpose of sale.

The court acquitted three others in the case.

UNI

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