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