Stamp Paper Scam

Stamp Paper Scam 2003

The Stamp Paper Scam 2003 – (The Telgi Scam)

In the early 2000’s, the scam which shattered the country’s whole economic condition was the Stamp Paper Scam, 2003. The helmsman of this scam is Abdul Karim Telgi. Born in Khanapur, Karnataka, Abdul hailed from a middle-class family whose parents worked as vendors in the Khanpur Railway Station. Due to their weaker economic condition, he …

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Major Financial Scams in India Between 2000-2010 (Part-2)

1. Ketan Parekh securities scam 2001 Ketan Parekh was a trainee at GrowMore, Harshad Mehta’s company. He was a suspect in several frauds in which Growmore was involved. When the dot-com bubble burst in the late 1990s, he began investing in low-liquidity IT and telecom firms. Because of the significant increase in the value of K-10 …

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