Stamp paper scam (2003)

The main accused in the stamp paper scam, Abdul Karim Telgi earned money largely by printing counterfeit stamp paper in India. As Telgi started printing fake stamp paper, he appointed 300 agents who then sold the fakes to bulk purchasers including banks, insurance companies and share-broking firms.
The scam which also involved police officers and many government employees was estimated to be around 20,000 crores. That same year, Telgi and his associates were sentenced to a term of 10 years imprisonment.