The court will now decide whether to accept the report or direct the agency to continue the investigation and file a chargesheet.
The development came as a key operative of Telgi, Raez Quadri, was arrested in Hyderabad and remanded to police custody till January 8.
The SIT was busy with the ongoing probe and did not wish to interrogate Sharma at this stage.
A Kolkata-based businessman, Sayed Yasmeen Mohammad Sayed, was Thursday arrested by a special investigating team for his alleged complicity in the multi-crore fake stamp paper scam.
Afzal Usmani, an accused in 2008 Ahmedabad and Surat blast cases, escaped from the MCOCA court in Mumbai on Friday.
"Considering their role, eight convicts deserve death penalty," the prosecution told the court.
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