Stamp paper fraud mastermind is highest taxpayer

ABDUL KARIM Telgi reportedly paid Rs 6.5 crores in income tax this year.
Telgi, the prime accused in the Rs 3,000 crore fake stamp paper scam, paid more income tax this year than business magnates like Reliance Industries chairman and India’s richest man Mukesh Ambani, Wipro chairman Azim Premji and Infosys chairman Narayana Murthy.

Telgi paid Rs 6.5 crores in income tax this year, according to reports in Economic Times and Mid-Day, far more than what the bosses of Infosys or Wipro did.

The income tax department has seized all of Telgi’s property, as he still owes Rs 224 crore in taxes. Telgi’s wife is living with their relatives as she is unwell and does not have money to buy medicines.
So, who is India’s highest taxpayer? It is none other than Abdul Karim ‘Lala’ Telgi.

See Original story on EconomicTimes here

Telgi's Property for Sale! Do you want to buy?

Income Tax department of is set to auction the property of Karimlala Telgi, the kingpin of Rs 32,000-crore fake stamp scam, in Belgaum at its office on Civil Hospital road on December 4, 2007 @ 11.30 am.

The Income Tax department has to recover Rs 30 lakh from Telgi's mother Sharifaji Ladsab Telgi who died recently. The Department has brought a recovery order on Karimlala Telgi as he is her son. At the moment Telgi is in Pune jail undergoing various trails.

The Telgi property going under auction are: Desai Commercial Complex in Desai Galli, Khanapur, four shops located in Shetti Complex, Station Road, Khanapur (shop numbers 7, 12, 14 and 15).

Now the question is who will buy this property? Anytakers.....

Labels: auction, belgaum, incometax, khanapur, telgi

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