Bangalore: CBI (Central Bureau of Investigation) today (Aug 16, 2004) arrested an alleged associate of Abdul Karim Telgi, prime accused in the multi-crore fake stamp paper scam, on charge of routing the money transacted in the racket in Karnataka and Andhra Pradesh.

P G Pradeep Kumar, proprietor of Cauvery Enterprises, had allegedly opened accounts in two banks in Bangalore, and the proceeds of the transactions of fake stamps/stamp paper were routed through these accounts by Telgi, a CBI statement said in Bangalore.

Kumar, who had jumped bail in September 1999 after he was arrested by the Hyderabad police, was a key operative in the transactions related to Telgi's activities in Andhra Pradesh and Karnataka, it said.

Kumar, arrested in Bangalore, will be produced before a local court tomorrow, it said.