Finance Ministry asks CBI to probe stamp paper scam

A week after the Allahabad High Court’s direction, the government has decided to handover the investigation into the Rs 30,000 crore st...

A week after the Allahabad High Court’s direction, the government has decided to handover the investigation into the Rs 30,000 crore stamp paper scam to the Central Bureau of Investigation (CBI).

This decision was taken after Finance Minister Jaswant Singh last night referred the matter to the home ministry to get the scam investigated by the CBI.

The decision came after Maharashtra government had reportedly refused to entertain home secretary N Gopalaswamy’s request to share findings of the state government’s Special Investigation Team probing the scam. The CBI probe will be in all the States where the alleged kingpin Abdul Karim Telgi’s network existed.

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Congress Chief ministers in Maharashtra and Karnataka had expressed reservations over a CBI probe into the scam.

However, Maharashtra governor Mohammad Fazal during his consultations with Deputy Prime Minister L.K. Advani recently had favoured a CBI probe as it allegedly involved top policemen of the state.

Meanwhile, the Central Board of Direct Taxes (CBDT) has decided to investigate the black money generation due to the scam as stamp papers are widely used in transfer of movable and immovable properties.

The fake stamp paper scam has reportedly spread over to 15 states with ramifications all over the country.

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CBI is already investigating the case in a limited way in Andhra Pradesh, Delhi, Uttar Pradesh but had been kept out of Maharashtra and Karnataka which bore the brunt of the scam.

The cbi probe will now be on in all the States where the alleged kingpin Abdul Karim Telgi’s network existed. Meanwhile, the CBDT has decided to investigate the black money generation due to the scam as stamp papers are widely used in transfer of movable and immovable properties.

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