New Delhi: Rapping the CBI, a court here has directed re-investigation of a multi-crore fake stamp scam case in which kingpin Abdul Karim Telgi had allegedly tried to involve a former MP in his counterfeit insurance policy stamp racket.

Rejecting CBI's request to close the case against Telgi and three others, Additional Sessions Judge Dinesh Dayal said: "It appears that CBI had proceeded to file the closure report merely because the person who should have been an accused refused that he had accepted the money." "I find that the CBI has not taken proper steps to investigate the matter in spite of the fact that the FIR was registered on May 31, 2005," the court said while noting that CBI had alleged that the accused had sought the help of former Lok Sabha MP A D K Jeyaseelan in 2002.

"No investigation has been made to establish whether money was received by him (Jeyaseelan - as part of his alleged collusion with the accused)," the court said, ordering a fresh look at the former MP's alleged links with Telgi. The agency, in its report seeking closure of the case, registered in 2005, against Telgi and co-accused - Jacob Chacko (acquaintance of Telgi); Ramaswamy Sadhu and S Sivaramakrishnan (then officers at LIC) - stated that "no incriminating material and evidence" could be gathered in order to prosecute them.

In its FIR, the agency had alleged that Chacko and Sadhu had approached Sivaramakrishnan, then senior branch Manager at LIC, Madurai, to help them obtain a letter from Jeyaseelan, to help them get a supply order for insurance stamps, in the name of Telgi-owned Shara Enterprises.

Source : PTI