Rejecting Telgi's plea, the court noted that there was sufficient material evidence against him and cleared the decks for framing charges against him.
The court will decide on framing charges against Telgi and his two associates Ramratan Soni and Sanjay Gaikwad for their alleged complicity in the fake currency racket registered by M R A Marg police station in 1995.
A meeting to finalise the modalities of the trial was held on Friday in Bangalore.
Hours after Telgi pleaded guilty and repented his actions, Judge Chitra Bhedi of a special court pronounced the quantum of punishment under various sections of the IPC and the Maharashtra Control of Organised Crimes Act.
Former Bangalore police commissioner H T Sangliana and BJP MP from Bangalore defied the party whip and voted for the UPA's trust motion. He speaks on why he did so, as well as his plans for the future.
Meanwhile, Yerawada Central Jail Superintendent Rajendra Dhamne said that some 53 accused have gone on indefinite hunger strike from Tuesday afternoon.
Telgi alleges forceful discharge from hospital
The CBI's probe into the fake stamp paper scam received a shot in the arm on Wednesday with a court in Delhi accepting an application by an associate of kingpin Abdul Karim Telgi in which he voluntarily pleaded guilty.
The agency also arrested three police officers in Bangalore for damaging evidence against Telgi.
Speaker Somnath Chatterjee however said he would allow members to raise the issue later and asked them not to disrupt Question Hour
Accused policeman claims senior officials were trying to get the main accused in fake stamp paper scandal cleared of murder charges
The accused informed the court that they do not wish to oppose the framing of charges in the case.
A third supplementary chargesheet in the case against Telgi and 15 others was filed by the CBI on July 22 and, as per the agency sources, the final chargesheet will be filed shortly.
The charges have been framed in cases that involve selling of fake stamp papers. \n
Defence lawyer Harshad Nimbalkar pleaded that since she was not obstructing the investigation and made herself available for questioning, besides suffering from diabetes and being HIV positive, her's was a fit case of granting bail.
Telgi's wife surrenders in fake stamp scam case
The accused has maintained since the beginning that he is neither the kingpin nor the main conspirator. During the arguments regarding consideration of charge, "some of the co-accused have also reiterated this," the lawyers said.
Six accused, including an MLA, did not want to under the tests.
Telgi was quoted as saying that he would disclose the names of "big sharks" in the scandal.
The former Mumbai police commissioner argued he has been wrongly booked under the stringent law.
Tabrez Telgi allegedly was the brain behind the printing, packaging and marketing of fake stamps.
'Mohammed Sayeed is the kingpin. I have told everything to the police,' the stamp scam accused told reporters as he was whisked away by police.
He reportedly said that at least two prominent Karnataka politicians were involved in the stamp scam.
Telgi has already been sentenced to 13 years RI by a Pune court in connection with the fake stamp paper scam. Today's sentence will run concurrently along with the Pune court order.
A special MCOCA court in Pune on Monday allowed the Special Investigation Team probing the multi-crore fake stamp paper scam to put the main accused through an array of scientific tests.
Telgi's counsel, M T Nanaiah, said Telgi will cooperate with the SIT.
The prime accused in the multi-crore fake stamp-paper case Abdul Karim Telgi on Friday sought protection for his daughter from four co-accused held with him in jail, who, he claimed, may kidnap her.
Nanaiah claims to possess a medical certificate issued by doctors of NIMHANS, Bangalore.
He has been accused of paying Rs 20 crore as bribe to a senior Democratic Front minister on behalf of the main accused in the fake stamp paper racket.
Police suspect the prime accused in the multi-crore fake stamp paper scam used to receive money from Alankar Lodge even when he was in custody.
Nationalist Congress Party chief Sharad Pawar on Saturday dismissed reports about his links with multi-crore stamp paper scam accused Abdul Karim Telgi saying the utternaces of a criminal could not be trusted.
Telgi alleged that he is being put to untold misery, tortured and poisoned slowly to death.
Telgi, who has now been behind bars for about five years, was first convicted on January 17, 2006.
Telgi appeared before the court through video conferencing while the other accused appeared in person.
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