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Fake stamp case: Telgi produced in court

       Pune: Abdul Karim Telgi, the key accused in multi- crore fake stamp case, was on Monday produced before the Chief Judicial Magistrate, D W Modak, after completion of magisterial custody for 48 hours to decide on his confession in the 1995 stamp case. The local court had on Saturday, remanded Telgi to magisterial custody for 48 to give him some time before making confession. A special Central Bureau of Investigation (CBI) judge had last month directed a Magistrate in Pune to record his confession statement after other accused in the case said that they had no objection to the same. Last week, Telgi had expressed the desire to confess through video conferencing, saying he would like to tell the court about his alleged role in the cases against him and others lodged by the Cuffe Parade and Colaba police stations in 1995. The court said in these two cases, the trial had already begun and hence, Telgi could not be permitted to confess at this stage. But it allowed his confession in another case registered by Mumbai CID. Earlier last month, a Special Court had convicted Telgi and his associates, Sanjay Gaikawad and Ramratan Soni, and sentenced them to 10-years imprisonment along with Rs. 50,000 fine to each in connection with a case of selling fake stamps worth Rs.17 lakh in 1995. Telgi had urged the court to show leniency as he was suffering from HIV/AIDS and his wife was admitted to hospital. The trio were charged with IPC sections 255 (counterfeiting government stamps), 256 (possessing material for counterfeiting stamps), 258 (selling counterfeit stamps) 259 (possessing counterfeit stamps), 420 (cheating) read with 511 (punishment for counterfeiting) and 120-b IPC (conspiracy) read with all these sections. Besides, they were also charged with sections 63 A and 63 B of Bombay Stamp Act. The multi-crore scam involving the printing and selling of counterfeit stamp paper across seven States was an example of the nexus between politicians, senior police officials and other Government servants. Telgi had purchased the second-hand printing equipment from the India Security Press (ISP) in Nashik for printing the fake stamp paper.
- Feb 6, 2006

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