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Telgi pays more tax than Ambanis, Premji, Murthy!

August 6, 2008

Abdul Karim Telgi, the prime accused in the Rs 3,000 crore (Rs 30 billion) fake stamp paper scam, paid more income tax this year than business magnates like Reliance Industries chairman and India's richest man Mukesh Ambani or Wipro Chairman Azim Premji or Infosys chairman Narayana Murthy.

Telgi paid Rs 6.5 crore Rs 65 million) 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.

Quoting Telgi's chartered accountant, Mid-Day, said that the income tax department has seized all of Telgi's property as he still owes Rs 224 crore (Rs 2.24 billion) in taxes. The chartered accountant said that Telgi's wife is living with their relatives as she is unwell and ‘doesn't have money to buy medicines.'

So who are India's highest taxpayers? Read on. . .

Image: Abdul Karim Telgi is the prime accused in the Rs 3,000 crore (Rs 30 billion) counterfeit stamp paper scam. | Photograph: Indranil Mukherjee/AFP/Getty Images

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