Stamp Paper scam

Enforcement Directorate sleuths have closed in on Ujjain district treasury accounts clerk cum store keeper who is the alleged kingpin of the Rs 2.34 crore stamp paper scam. In September, 2010, during a routine check Ujjain treasury officials unearthed a major stamp paper scam and then treasury store keeper Ashok Sharma, was suspended and an inquiry ordered against him.

Ahmedabad zonal office of ED, which is probing the case, on May 20, 2010, attached immovable properties worth Rs 50 lakh. However, ED officials said that the market value of these properties, is over Rs 1.5 crore. ED had booked Sharma under the Prevention of Money Laundering Act in October.

Sharma, who worked on a salary of Rs 9,000, managed to issue stamp papers valuing more than Rs 2 crore making fake demands to Nagpur and Hyderabad treasuries and sold them to licensed stamp paper vendors in Madhya Pradesh.


SOURCES : The Times Of India