A Particular CBI Decide has sentenced the final 5 of the 16 accused within the 2001 Telgi bogus stamp rip-off to a few years’ imprisonment and a superb of Rs 50,000 every.
The 5 — Falguni Babu Patel, Kishore Kumar Purshottam Patel, Prashant Nangappa Patil, Amzad Ali and Shaikh Zakir Hussain — have been discovered responsible of legal conspiracy, forgery of stamps, dishonest, in addition to forgery and making or possessing cast paperwork within the alleged rip-off of circulating counterfeit stamps. The convicts have been licensed and unlicensed distributors who knowingly utilised/offered cast stamp papers, court docket charge stamps, and share switch stamps of assorted denominations in Ahmedabad and Surat.
The rip-off, which was uncovered in 2001, was initially investigated by Gandhinagar Zone of CID Crime of Gujarat Police, earlier than it was transferred to the CBI.
The prime accused, Abdul Karim Telgi, who belonged to Belgaum in Karnataka, was accused in a number of instances, and died in October 2017.
The fraudulent actions have been found throughout a raid on stamp distributors in Surat and Ahmedabad the place authorities seized numerous bogus stamps. The operation was traced to 2 workplaces working beneath the names ‘Sadguru Companies’ and ‘Sahay Companies’.
Of the 16 accused, two handed away through the course of the trial, whereas 9 others have been convicted earlier.
5 accused, specifically Shabbir Ahmed Sheikh, Shivaji, Khalid Ahmed, Vijay Solanki and Jacob Chako, have been sentenced to 5 years imprisonment and a superb of Rs 25,000 every in August 2008. In March 2009, two different accused — Sadiq Ibrahim Hudli and AKL Telgi — have been sentenced to 7 years in jail and a superb of Rs 35,000 every, whereas Sidharth alias Sidhu was sentenced to five years imprisonment and a superb of Rs 30,000.
The court docket sentenced Raju Nayak to 2 years imprisonment in August 2010.
Why do you have to purchase our Subscription?
You wish to be the neatest within the room.
You need entry to our award-winning journalism.
You don’t wish to be misled and misinformed.
Select your subscription bundle
