Trickster: ‘Double Shah’ sent on 14-day remand
He earned Rs1b by luring people into a scam to double their capital
Over Rs30.383 million was recovered from Rauf International, Rs10.34 million from Trade Solutions Securities, Rs7.03 million from Nexus Capital Management, Rs113.37 million from Best Brand, Rs2.339 million from Money Marshall Inc, Rs3.881 million from Sheikh Sanatha, Rs0.225 million from Glamour Builders and Rs50.52 million from ‘Double’ Shah. PHOTO: FILE
SUKKUR:
An accountability court remanded Amanat Ali alias Don Golo, known as ‘the Double Shah of Upper Sindh’, into police custody for 14 days.
Golo, who looted hundreds of people by luring them into a scheme to double their capital and earned Rs1 billion, was arrested by the National Accountability Bureau (NAB), Sukkur, intelligence team from Islamabad on November 3.
Golo belonged to a poor family in Naukot village near Daharki and was employed as a guard at Engro Chemical Company. There were times when he was not even able to take his daughter to a private hospital for treatment. Then, he started the scheme to dupe people out of their money in 2010.
With the scam money, he purchased many houses, agriculture land in Daharki and was seen driving luxury vehicles. Golo had also purchased two bungalows and shops in Islamabad, said a Daharki-based journalist, requesting anonymity. However, he was arrested by the police in 2013 and his houses and agricultural land were forcibly occupied by some influential people, added the reporter.
Golo went into hiding once the court granted him bail and, since then, had been residing in Islamabad, where he was arrested by a team of NAB, Sukkur.
The suspect has also identified some people who used to act as his agents, said a NAB officer, requesting anonymity. The claim was also verified by Daharki-based journalist who claimed that Golo’s agents were paid 10% of the invested amount.
Published in The Express Tribune, November 11th, 2016.
An accountability court remanded Amanat Ali alias Don Golo, known as ‘the Double Shah of Upper Sindh’, into police custody for 14 days.
Golo, who looted hundreds of people by luring them into a scheme to double their capital and earned Rs1 billion, was arrested by the National Accountability Bureau (NAB), Sukkur, intelligence team from Islamabad on November 3.
Golo belonged to a poor family in Naukot village near Daharki and was employed as a guard at Engro Chemical Company. There were times when he was not even able to take his daughter to a private hospital for treatment. Then, he started the scheme to dupe people out of their money in 2010.
With the scam money, he purchased many houses, agriculture land in Daharki and was seen driving luxury vehicles. Golo had also purchased two bungalows and shops in Islamabad, said a Daharki-based journalist, requesting anonymity. However, he was arrested by the police in 2013 and his houses and agricultural land were forcibly occupied by some influential people, added the reporter.
Golo went into hiding once the court granted him bail and, since then, had been residing in Islamabad, where he was arrested by a team of NAB, Sukkur.
The suspect has also identified some people who used to act as his agents, said a NAB officer, requesting anonymity. The claim was also verified by Daharki-based journalist who claimed that Golo’s agents were paid 10% of the invested amount.
Published in The Express Tribune, November 11th, 2016.