10 days remand for Telgi associates
Two associates of Abdul Karim Telgi have been remanded to 10 days police custody by chief metropolitan magistrate N.B. Ranekshaw on Thursday. The two were produced in the court by CBI officials from New Delhi.

The accused Shabbir Ahmad Mushtaq Shaikh and Khalid Shaikh Badami, residents of Karnataka and close associates of Telgi, were produced by one Sanjay Dubey, a CBI official from Delhi, who brought the accused on transfer warrant from Bangalore.

Public prosecutor A.A. Shaikh arguing for the remand application contended that the two were involved in counterfeit stamp paper racket.

They were running two agencies Sahaya Services and Shatrukrupa Services at Ghatlodia and were distributing fake stamp papers through these agencies. Moreover both the accused are close associates of Telgi and were handling Telgi’s operation in Gujarat.

Abdul Karim Telgi is the mastermind behind the counterfeit stamp paper racket spreading across several different states amounting to Rs 33,000 crores.

Republished from The Asian Age