Scam 2003: How a fruit seller created one of the largest scams in Indian history, Harshad Mehta to direct season 2 of ‘Scam’ franchise on Abdul Karim Telgi, will hit screens in 2022, Here’s all you need to know about the history behind this scam

Scam 2003

Scam 2003 Season 2 coming soon: Scam 1992 makers have announced the second season of the franchise. Tentatively titled Scam 2003: The Curious Case of Abdul Karim Telgi, the show will be adapted from the Hindi book, Reporter Ki Diary.

Sony Liv has now announced its second season, Scam 2003,

After the highly talked about and successful web series Scam 1992 – The Harshad Mehta Story in 2020, Sony Liv has now announced its second season, Scam 2003, advancing the scam franchise. The second season will also be directed by Hansal Mehta. The producer of the series, Applause Entertainment, announced this on social media on Thursday and gave information about the scam 2003- The Curious Case of Abdul Karim Telgi. Its a story, taken from journalist Sanjay Singh’s Hindi book ‘Reporter’s Diary.’ Sanjay Singh broke the big story of this scam at that time.

The plot of Scam 2003

While the first season was based on the 1992 Indian stock market scam, the second season will follow the story of Abdul Karim Telgi, the man behind the 2003 Stamp Paper Scam.

Scam 2003 will originally be the story of Abdul Karim Telgi, whose stamp paper Scam was revealed in 2003. The series will show how Telgi, born in Khanpur, Karnataka, became the mastermind of a scam that caused the scam of Rs 20,000 crore in many states of the country. Renowned Marathi filmmaker Kiran Yadanopavit has been given the responsibility of writing its screenplay along with book writer Sanjay Singh.

Who was Abdul Karim Telgi?

Abdul Karim Telgi was believed to be at the center of the Stamp Paper Scam that was uncovered in 2001. The story had taken the nation by storm and Abdul Karim Telgi was put behind bars the same year. In 2018, a year after Telgi’s death, the Nashik sessions court in Maharashtra had acquitted Abdul Karim Telgi and six others in the case in absence of “solid evidence” against them.

Abdul Karim Telgi hailed from Khanapur in Karnataka. His father was an employee working for the Indian Railways, who died when Telgi was just a child. The family, thus, had to rely on selling vegetables, fruit and peanuts to passengers in trains. Telgi completed his schooling from the local Sarvodaya Vidyalaya and pursued a B.Com degree from a college in Belagavi, after which he moved to Mumbai to earn a living. After spending some time in Mumbai, Telgi moved to Saudi Arabia to look for better prospects. He returned to Mumbai and started his ‘business’ of selling fake stamps and stamp papers.

The Beginning

After returning to Mumbai, Telgi became a travel agent and soon began forging several documents and stamp papers in order to send manpower to Saudi Arabia. In 1993, immigration authorities began noticing Telgi’s actions and he was put behind bars the same year for cheating and forgery at the MRA Marg police station in South Mumbai.

While in custody, Telgi met Ram Ratan Soni, a government stamp vendor operating from Kolkata. It was here that the idea of committing bigger scams was born. Soni hired Telgi to sell adhesive stamps and non-judicial stamp papers for him in exchange for a commission.

The Stamp Paper Scam

In 1994, while working with Soni, Telgi used his connections and acquired a license to become a legal stamp vendor. Telgi and Soni then forged numerous stamp papers and their business grew. Telgi would mix genuine stamp papers with fake papers, selling them at massive profits. After minting money from the fake stamps business, Telgi ventured into various side businesses as well.

In 1995, Telgi and Soni parted ways and the former found himself in trouble once again, with his license being cancelled over cases filed by the Mumbai Police for selling fake stamps. However, by this time, Telgi knew everything he needed to for setting up his own press. In 1996, Telgi, by navigating through connections and recruiting powerful people, had set up his own press on Mint Road in Mumbai. By using his links, he got several machines declared to be obsolete. He later bought the machines and used them to set up his own press.

Soon, his business grew to other cities and he lured people to join him in selling fake stamps and stamp papers. Some of these were even used in registering property and insurance documents. In the late 1990s, Telgi’s business was worth crores of rupees and he was proclaimed as an offender.

The Arrest and Death

Telgi was taken into police custody in November 2001 in Ajmer. His arrest came after two men peddling fake stamp papers were caught in Bengaluru in 2000. Their arrest had led to the scam being uncovered. The case was taken over by the CBI eventually. It was reported that Telgi allegedly had 36 properties around the country and had more than 100 bank accounts in 18 major cities.

Social activist Anna Hazare had also filed a petition in a court against Telgi in the year 2003. The size scam was valued at a massive Rs 20,000 crore, leaving the entire nation in shock. Other estimates ranged from Rs 3,000 crore to Rs 30,000 crore.

Telgi and several of his associates were ultimately sentenced to 30 years of imprisonment in 2006 and a fine of Rs 202 crore. Telgi died at the age of 56 from multiple organ failure at a government hospital in Bangalore in October 2017.

Where to watch Scam 2003 Season 2?

The series will be released next year on Sony Liv.

This tweet has taken over the internet and people are going mad for it. They just can’t keep calm as the new season of the most wanted and loved series is going to release super soon. 

Telgi’s fake stamp paper business was spread in many states. As the layers of this scandal opened up, many shocking aspects came to the fore. Telgi hired 350 people to print fake stamp paper. The heat of this scam reached many government officials.

After 'Scam 1992', it's time for 'Scam 2003' -
Its time for ‘Scam 2003’

Scam 1992 – The Harshad Mehta Story was streamed on Sony Live in 2020 and the series received accolades. Pratik Gandhi played the lead role in it, which proved to be the turning point for his career. The scam was based on 1992 journalists Sucheta Dalal and Devashish Basu’s book ‘The Scam- Who Won, Who Lost, Who Lost Away.’ Sucheta was played by Shreya Dhanwanthary in the series. Its screenplay was written by Sumit Purohit, Saurabh Dey, Vaibhav Vishal and Karan Vyas. It was also produced by Applause Entertainment.

Also read: Broken But Beautiful Season 3 Release Date: Sidharth Shukla and Sonia Rathee’s 1st glimpse from Broken But Beautiful Season 3 is breaking the internet, Check it out

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