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Indias biggest scams January 8, 2009 Cobbler scam Sohin Daya, son of a former Sheriff of Mumbai, was the main incriminate in the multi-crore shoes scam. Daya of Dawood Shoes, Rafique Tejani of Metro Shoes, and Kishore Signapurkar of Milano Shoes were arrested for creating several strap co-operative societies which did not exist. They benefited loans of crores of rupees on behalf of these fictitious societies. The scam was exposed in 1995. The accused created a fictitious cooperative society of cobblers to discern advantage of government loans through various designs. Officials of the Maharashtra State finance Corporation, Citibank, Bank of Oman, Dena Bank, Development Credit Bank, Saraswat Co-operative Bank, and Bank of Bahrain and Kuwait were in addition charge sheeted. A lot of scams are being observe in India. It looks like the corruptions in India can never add to an end. If one corruption is exposed another one scoop up somewhere. It reminds me one of the biggest multi one thousand thousand dollars scam in Indian taradiddle which was nicknamed The with child(p) Cobbler Scam.

Actually what really happened in this Great Cobbler Scam was that various businessman & politicians had siphoned around $600 million US dollars from a scheme that was floated by the Government of India meant to get ahead the poor cobblers of Mumbai. Instead it went into the pockets of wealthy elite the great unwasheds who used this notes to built luxury homes for themselves and also brought luxury cars, boats, arts...etc. The money of the scheme was meant to provide low interest loans and tax concessions to the Mumbais poorest - cobblers who work 16-hours a day for less than $2. Not a single cent reached these cobblers. The modus operandi of the mastermind was to float a cooperative society of cobblers to avail of soft government loans through various schemes. Several imitation societies of cobblers were formed only for the purpose of availing these soft government loans. The people involved... If you want to get a full essay, order it on our website: Ordercustompaper.com

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