Abdul Kareem Lala Telgi, 56, convicted in the Rs 32,000-crore counterfeit stamp paper scam, died in a Bengaluru hospital on Thursday . "He died of cardiac arrest in the ICU in the afternoon," confirmed authorities of Victoria Hospital, where he was brought from the Central Jail (Parappana Agrahara) on October 16 in a serious condition. He is survived by his wife and a married daughter.
"Telgi, whose condition was critical with multi-system failure, had a cardiac arrest on Thursday afternoon. In spite of all resuscitative measures, he could not be revived and was declared dead at 3.55pm," said an official release from the Trauma Care Centre at Victoria Hospital campus. " After completing legal formalities, the body will be handed over to family members by night or morning," hospital sources said.
Telgi, battling diabetes and AIDS, was suffering from metabolic encephalopathy , a neurological disorder that affects the brain. He was on antiretro viral therapy . He was put on ventilator with life support system. Telgi's barrack will be emptied soon, prison sources said. The barrack is located near the prison hospital and he had the room altered with court permission, they added.
"Keeping in mind his health issues, the court had permitted him to get food from out side. He also had a small stove and utensils inside his room," prison sources claimed, adding, "All the material inside his room will be shifted out."
Telgi, first arrested in Mumbai for trading in fake passports in 1992, made a beginning selling jackfruit and vegetables on trains running through Khanapur, his hometown in Karnataka. He later switched to fake stamp papers and his business spread across 18 states and 70 towns.
Telgi flooded the market with fake stamp papers, greasing the palms of officials and police officers across the country.An anonymous call to Upparpet police station in November 2000 led police to arrest a man selling fake stamp papers, who said Telgi was the supplier. He was arrested a year later from Ajmer, Rajasthan, but he continued to run his racket from within the Bengaluru prison.
Bengaluru: His was a crime spread across 18 states. The fake stamp paper scam that Abdul Kareem Telgi alias Kareem Lala masterminded, dealt the Indian economy a Rs 32,000-crore blow. He began by making fake passports and later foreign bills, brokers' notes, insurance policies, share transfer certificates and insurance agency stamps. Telgi was born in 1961 in Khanapur, Belagavi district, Karnataka.
After opening a travel agency in Dalal Street, Mumbai, he soon became the go-to man for fake documents, including stamps, stamp paper, IDs, and so on. He was arrested by Mumbai police in 1991 for selling fake visas. In jail, he met Ram Rathan Sony, who allegedly introduced him to stamp vending. Before long, Telgi's fake stamp papers were used in share transactions. At its peak, Telgi's operations had more than 350 agents who sold fake stamp papers to bulk buyers.
"Telgi, whose condition was critical with multi-system failure, had a cardiac arrest on Thursday afternoon. In spite of all resuscitative measures, he could not be revived and was declared dead at 3.55pm," said an official release from the Trauma Care Centre at Victoria Hospital campus. " After completing legal formalities, the body will be handed over to family members by night or morning," hospital sources said.
Telgi, battling diabetes and AIDS, was suffering from metabolic encephalopathy , a neurological disorder that affects the brain. He was on antiretro viral therapy . He was put on ventilator with life support system. Telgi's barrack will be emptied soon, prison sources said. The barrack is located near the prison hospital and he had the room altered with court permission, they added.
"Keeping in mind his health issues, the court had permitted him to get food from out side. He also had a small stove and utensils inside his room," prison sources claimed, adding, "All the material inside his room will be shifted out."
Telgi, first arrested in Mumbai for trading in fake passports in 1992, made a beginning selling jackfruit and vegetables on trains running through Khanapur, his hometown in Karnataka. He later switched to fake stamp papers and his business spread across 18 states and 70 towns.
Telgi flooded the market with fake stamp papers, greasing the palms of officials and police officers across the country.An anonymous call to Upparpet police station in November 2000 led police to arrest a man selling fake stamp papers, who said Telgi was the supplier. He was arrested a year later from Ajmer, Rajasthan, but he continued to run his racket from within the Bengaluru prison.
Bengaluru: His was a crime spread across 18 states. The fake stamp paper scam that Abdul Kareem Telgi alias Kareem Lala masterminded, dealt the Indian economy a Rs 32,000-crore blow. He began by making fake passports and later foreign bills, brokers' notes, insurance policies, share transfer certificates and insurance agency stamps. Telgi was born in 1961 in Khanapur, Belagavi district, Karnataka.
After opening a travel agency in Dalal Street, Mumbai, he soon became the go-to man for fake documents, including stamps, stamp paper, IDs, and so on. He was arrested by Mumbai police in 1991 for selling fake visas. In jail, he met Ram Rathan Sony, who allegedly introduced him to stamp vending. Before long, Telgi's fake stamp papers were used in share transactions. At its peak, Telgi's operations had more than 350 agents who sold fake stamp papers to bulk buyers.
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