BANGALORE: The long chain of convictions against Abdul Kareem Telgi, the alleged kingpin of the multi-crore fake stamp paper and embossing racket, was broken on Friday when the Karnataka High Court acquitted him in a case.
The case relates to the supply of fake stamp papers to a firm in Bangalore, Sami Labs and GVK Reddy Technologies.
The firms had purchased stamp papers for registering a document. A firm from Bangalore, Cauvery Enterprises and Unique Enterprises, had supplied stamp papers worth Rs. 42.75 lakh. The property was registered in 2003. In 2006, the firms received a notice from the police asking them for details about the stamp papers. Based on the information provided by the firms, the Stamp Investigation Team (STAMPIT), which was probing the fake stamp paper racket, filed a case against Irfan and others, long with Telgi.
Telgi denied any knowledge of the transaction of stamp papers to Sami Labs and other firms.
Justice Keshavanarayana acquitted Telgi in the case. This is the first time that any court or High Court in India has acquitted Telgi.