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| Feature | Scam 1992 (Harshad Mehta) | Scam 2003 (Telgi) | |---------|----------------------------|---------------------| | Protagonist | Stock market manipulator | Stamp paper counterfeiter | | Scale | ~₹5,000 crore scam | ~₹20,000 crore scam | | Tone | Fast-paced, financial jargon | Gritty, procedural, psychological | | Feature | Scam 1992 (Harshad Mehta) |

Abdul Karim Telgi was originally a fruit seller and small-time travel agent. He discovered a loophole: stamp paper used for financial transactions (property deals, court fees, share transfers) could be counterfeited. Between the late 1990s and 2003, Telgi and his network printed thousands of crores worth of fake judicial stamp paper.