In Pictures: 8 scams that rocked India

In Pictures: 8 scams that rocked India

Stamp paper scam: A 200 billion (US$3.1 billion) stamp paper scam was head by Abdul Karim Telgi who was jailed for 30 years for his crimes. Abdul Telgi died on October 27th of multiple organ failure. During his hay days appointed 350 people as agents who sold the fakes to bulk purchasers, including banks, insurance companies, and stock brokerage firms. An aspect of the scam that grabbed headlines was that it required the involvement of a number of police officers and government officials. Then police officer S M Mushrif, took strict action on the perpetrators in this case. In 2006 Abdul Telgi and many others were sentenced to 30 years of rigorous imprisonment. The Income Tax Department requested that Telgi's property be confiscated to pay the fine.

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Abdul Telgi, the mastermind behind the stamp paper scam in India died on October 26, 2017. His death brings to fore all the scams that India has faced in the past years. Here are 8 of the top scams that shook India

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