Scam 2003 [The Telgi Story]

Hey fellow series enthusiasts! I’m thrilled to share some exciting insights about the upcoming web series, Scam 2003: The Telgi Story. Buckle up, because this is going to be a wild ride!

Overview of the Scam 2003 web series

This much-anticipated series is a sequel to the critically acclaimed Scam 1992: The Harshad Mehta Story. It’s based on the life of Abdul Karim Telgi and his notorious Stamp Paper Scam. The creators of this gripping series promise an enthralling journey into one of India’s biggest financial frauds.

Background and context of the scam

Abdul Karim Telgi, the mastermind behind this scandal, was at the epicenter of a counterfeit stamp paper racket that shook the entire nation. His story is a rollercoaster ride filled with deceit, cunning strategies, and high-stakes risks.

The series will be adapted from Sanjay Singh’s Hindi book Reporter Ki Diary, which originally broke the story. So, get ready for a thrilling exploration of this scandalous chapter in India’s history!

Abdul Karim Telgi: The Mastermind

Abdul Karim Telgi, a name synonymous with one of the most notorious financial scandals in India, the Stamp Paper Scam, also known as the Telgi Scam. His story is a classic rags-to-riches tale, albeit through illicit means.

Abdul Karim Telgi’s role in the scam

Telgi was the mastermind behind a sophisticated counterfeit stamp paper racket that spanned several states in India. This scam, which began in 1992 and came to light in 2003, was valued at over Rs 30000 crore. Telgi’s operation involved producing counterfeit stamp documents and generating a shortage of stamp paper to create the right opportunity for him to supply the counterfeit.

Telgi’s rise to power and operation

Born in Belgaum, Karnataka, on July 29, 1961, Telgi supported his own education by selling fruits and vegetables on trains. He eventually moved to Saudi Arabia and upon returning to India after seven years, he began his career as a counterfeiter. He created fake passports and documents to export labour from India to Saudi Arabia through his company Arabian Metro Travels before moving on to counterfeiting stamp papers. His operation was so extensive that it involved bribing officials of the Indian Security Press in Maharashtra to create an artificial scarcity of documents and obtain machinery and printing material to create the fake papers.

The Scam Unveiled

Scam 2003, also known as the Telgi Scam, was a sophisticated counterfeit stamp paper racket that spanned several states in India. The mastermind behind this scandal, Abdul Karim Telgi, managed to create an operation valued at over Rs 30000 crore.

Investigation and exposure of the scam

The scam came to light in 2003 when two men transporting counterfeit stamp papers were arrested. Their interrogation led to raids across Bengaluru, uncovering counterfeit stamp paper and other legal documents worth more than Rs 9 crore.

Key players involved in the investigation

The key players involved in the investigation were officials from the Indian Security Press in Maharashtra. They were allegedly bribed by Telgi’s team to create an artificial scarcity of documents and provide machinery and printing material for creating fake papers. The exposure of this scam led to a massive shake-up in the Indian financial sector, revealing vulnerabilities and prompting reforms.

Impact and Consequences

Scam 2003, a massive financial fraud, had far-reaching effects on both the economy and society.

Economic and social impact of the scam

The economic impact was devastating, with the scam draining thousands of crores from the Indian economy. The social consequences were equally severe, as the trust in the Indian financial system was severely shaken. The scam also highlighted the vulnerabilities of the system to manipulation and fraud, leading to widespread public outcry.

Legal actions and punishments

In response to the scam, significant legal actions were taken against those involved. Many employees were suspended and sentenced by courts based on evidence of their direct involvement. The kingpin of the scam, Abdul Karim Telgi, was convicted in 2007 and sentenced to 30 years of imprisonment along with a hefty fine of Rs 202 crore. This served as a stern reminder of the consequences of financial fraud and corruption.

Scam 2003: The Telgi Story

Scam 2003: The Telgi Story is an upcoming Indian financial crime series set to release on September 1, 2023. Directed by Hansal Mehta, it is the second installment in the Scam franchise. This series is a depiction of real-life events and not a sequel to the previous show.

Overview of the web series

The series revolves around the infamous 2003 Indian stamp paper counterfeiting scandal, committed by Abdul Karim Telgi. Gagan Dev Riar stars as the protagonist, Abdul Karim Telgi, with additional pivotal roles enhancing the storyline. The series was officially announced on March 24, 2022, by SonyLIV and Applause Entertainment and commenced filming from April 2022 onwards.

Plot and characters

The plot follows Abdul Karim Telgi’s journey in orchestrating a counterfeit scandal worth INR 30000 crores. The narrative is inspired by Sanjay Singh’s book and provides an in-depth look into one of India’s most significant frauds. The characters are well-crafted, contributing to the authenticity of this real-life story adaptation.

Casting and Production

Scam 2003: The Telgi Story is a much-anticipated series, following the success of its predecessor, Scam 1992. The series is set to delve into the life of Abdul Karim Telgi, the mastermind behind one of India’s most audacious scams.

Gagan Dev Riar as Abdul Karim Telgi

Veteran theatre artist, Gagan Dev Riar, is set to bring Abdul Karim Telgi to life on screen. Known for his roles in Sonchiriya and A Suitable Boy, Riar’s casting promises a compelling portrayal of Telgi, a fruit seller who built an empire by counterfeiting stamp papers.

Behind-the-scenes insights and interviews

The series is directed by acclaimed filmmaker Hansal Mehta and produced by Applause Entertainment. It’s based on the book “Reporter ki Diary” authored by journalist Sanjay Singh, who broke the scam back in 2003. The series will capture Telgi’s journey from Khanapur in Karnataka to becoming the mastermind behind a scam estimated at around Rs 20,000 crore.

Stay tuned for more updates and behind-the-scenes insights on Scam 2003: The Telgi Story!

Reception and Reviews

Scam 2003, the highly anticipated sequel to the acclaimed series Scam 1992, has been making waves with its intriguing narrative and compelling performances.

Critics’ response to the web series

The series has been lauded by critics for its authentic storytelling and riveting performances. The director, Hansal Mehta’s finesse in bringing real-life stories to the screen has been greatly appreciated. Critics have also praised Manoj Bajpayee’s commanding voiceover in the teaser, setting the stage for an intense narrative.

Audience reactions and popularity

The audience response to Scam 2003 has been overwhelmingly positive. The teaser sparked immense excitement among fans on social media, with many eagerly awaiting the release of this gripping series. The series’ imminent release on popular OTT platform Sony Liv has further heightened anticipation. The combination of Mehta’s directorial finesse and Bajpayee’s powerful acting has set high expectations for the series’ success.

Comparison with Scam 1992

Oh boy, are you in for a treat! If you thought Scam 1992 was a rollercoaster ride, wait until you get a load of Scam 2003!

Contrasting the two Scam series

Scam 1992 and Scam 2003, while both being about financial frauds, are vastly different. Scam 1992 revolved around Harshad Mehta and his manipulation of the stock market. On the other hand, Scam 2003 dives into the life of Abdul Karim Telgi, the mastermind behind one of India’s most ingenious scams – the stamp paper scam.

Similarities and differences in storytelling

Both series brilliantly unravel the intricate details of these scams. However, their storytelling differs. While Scam 1992 was more about Mehta’s audacious moves in the stock market, Scam 2003 explores how Telgi exploited a shortage of stamp papers to build his illegal empire. The series also delves into how Telgi’s scam spread across multiple states, shaking the entire country.

So buckle up! You’re about to embark on another thrilling journey into India’s scam-filled history!


Let me tell you, “Scam 2003” is more than just a web series. It’s a mirror that reflects the audacious reality of one of the biggest scams in Indian history.

Reflection on the significance of the scam and its portrayal in the web series

As I watched Abdul Karim Telgi’s story unfold, I was struck by the sheer audacity of the man. The stamp paper scam was not just a theft, but a masterstroke of manipulation and cunning that shook the country’s financial system to its core. The series brilliantly captures this, making it a must-watch!

Final thoughts and takeaways

In conclusion, “Scam 2003” is an eye-opener, a reminder of how greed can lead to unimaginable consequences. It’s also a testament to the power of storytelling, bringing to life complex financial frauds in an engaging and accessible manner. Watch it, learn from it, and remember – not everything that glitters is gold!


  • Pravin Kumar

    HI, my name is Pravin Kumar. Whenever it comes to movies web series and entertainment, i become enthusiast. I always get inspire by cinema. When i was child I used to be very excited for movies. as i grown up, my love for cinema gone deeper. I have interest from Classic massterpiece to blobuster movies. I always keep myelf up to date. I not only enjyoj the movie but i also aprriciate the way it is made. From direction to cinematography to acting to script writing, I get excited about everything.

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