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Bihar
By K. Balchand
The police said Telgi operated the machine for about four years and printed fake non-judicial stamp paper amounting to several crores and supplied them to other parts of the State and various cities. Telgi was alleged to have shifted the printing machine to Kolkata and operated his nefarious business from there. Police have arrested eight persons in connection with the scam and recovered fake stamp papers and foreign currencies worth several crores. One of the arrested admitted acquaintance with the kingpin. The revenue loss to the State is estimated at several hundred crores, much higher than an initial official assessment.
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