The Cobblestone scam is one of the biggest multi million dollars scams in Indian history. It is known as The Great Cobbler's Scam. What really happened in this great candle scam was that many businessmen and politicians went missing $ 700 million from a scheme run by the Indian government for the benefit of the poor Dalits in Mumbai. Instead, it went to elite pockets, which are used to bring these luxury homes built for themselves and also to bring
The poor Cobblers of Mumbai are the one who has majorly affected by the scam as they were not benefited by a single rupee.
• Government of India was also affected by the scam as scam cost government around 1300 crores Indian rupees.
• The Banks whose officers were involved in the scam like Maharashtra State Finance Corporation, Citibank, Bank of Oman, Deena Bank, Development Credit Bank, Saraswat Co-operative Bank, and Bank of Bahrain and Kuwait, spoiled their reputation.