Telgi sentenced to 10 yrs RI in fake stamp paper scam

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Chennai, Jan 30 (UNI) A Special CBI Court today convicted and sentenced Abdul Karim Telgi, the kingpin in the multi-crore fake stamp paper case, to ten years Rigorous Imprisonment (RI) and imposed a fine of Rs three crore on him.

Justice Judge N Velu, delivering the much-awaited order in the more than four-year-old case, also convicted and sentenced four other accused in the case, Abdul Wahid, Balaji, Jacob Chacko and Peter Kennedy.

Pointing out that all the accused pleaded guilty and requested minimum sentence, the Judge said if Telgi failed to pay the fine, he should undergo three more years of imprisonment and the sentence would run concurrently with the Pune court order.

The Judge sentenced Wahid, Balaji and Jacob to five years RI and Kennedy to three years RI. While Wahid and Jacob were slapped a fine of Rs one lakh each, in default to undergo six more months RI, Balaji had to pay a fine of Rs two crore, in default nine more months RI and Kennedy a fine of Rs 40,000 and in default four and a half months RI.

The proceedings were watched by Telgi, Chacko and Wahid, lodged in Yerawada Jail in Pune, through video conferencing. Balaji, imprisoned in Bangalore jail, also witnessed the proceedings through video conferencing, while the other accused, Kennedy, was present in the court hall. He was brought to the court from the central prison at sub-urban Puzhal, amid tight security.

All the accused were convicted under sections 255, 258, 259, 120(b) and 420 of the Indian Penal Code (IPC).


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