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India-Pakistan
Pir Double Shah fails to drop Rs70 million by helicopter
2007-03-25
Pir Double Shah is in the news again

A rumour that Rs70 million would be dropped on Wazirabad through a helicopter by a local pir triggered quite a stir among the residents of the city and attracted a large number of people from Wazirabad, Gujranwala, Sialkot, Hafizabad and surrounding villages.

People gathered at a slum near the Wazirabad Railway Station where the money was expected to be dropped. Sibtul Hassan Shah alias Pir Double Shah, famous for doubling peopleÂ’s money in 70 days, was said to be distributing the money.

People gathered at the scene said that 10 days ago they heard that Double Shah was going to throw away Rs70 million to mark Pakistan Day celebrations. “I have come all the way from Kasoki (a village near Hafizabad) on Thursday night,” said Zafar Iqbal, who had come to the site along with his friends hoping to get some of the money. “We rented three coats because we had to spend the night out in the cold,” Iqbal said.

“My friends told me about the distribution three days ago,” said Zubair Mughal, also from a nearby village. Women also came to the site and a local motorcycle rickshaw driver, Mushtaq Ahmed, said he had had a busy day bringing people to the site. “I did not have time to sit down for a single minute today,” he said, adding that a large number of women were also his customers.

The shower of money was scheduled to happen at 3pm. However, the people were later told that the pir had gone to River Chenab for a holy bath. “My friend said that Shah and hundreds his followers have gone to the River Chenab and as soon as he returns, he would distribute the money,” said Faisal Noori, a man waiting for the money.

He said Shah had never deceived anyone in the past and this time too, he would fulfil his promise. “I invested Rs20,000 and got the double back. Now I have invested all the money again,” said Noori.

Fazli, resident of the slum, said, “Double gives the money or not, I will surely earn Rs500 by serving tea to the people standing here. I hope people keep on spreading such rumours.”

Malik Javed, who came to Wazirabad from Sialkot, said he had hired four people at Rs500 each for collecting the money and had suffered a loss of Rs2,500 because of the false rumour. “In addition to their wages, I also paid Rs500 for the four men’s food,” said an angry Javed.
Police officials were also patrolling the spot to control the mob and avoid any untoward incident. A policeman said at least 10,000 people had gathered at the site.

From a previous report...
Sibtul Hasan Shah, known as “Pir Double Shah” in Wazirabad, can “double” whatever sum is invested with him within 70 days, locals told Daily Times. Residents of the area said that Shah started this “business” some one-and-a-half years ago, and at that time he took only 15 days to double people’s money. They said that as his business grew, the number of days increased to 70.
Posted by:John Frum

#11  Â“We rented three coats because we had to spend the night out in the cold,”

I wonder what they did with the three ... oh, coats.
Posted by: Zenster   2007-03-25 23:37  

#10  And every word God's honest truth, RD dear. I've a limited understanding of matters financial -- Mr. Wife despairs of me sometimes, poor man -- but at least I'll never fall for a Ponzi scheme like that.
Posted by: trailing wife   2007-03-25 22:16  

#9  A+
Posted by: RD   2007-03-25 21:40  

#8  Thank you for your report, Mr, Kamaal. But the fact that Mr. Shah has increased his payout period from a fortnight to almost five times that time makes me very nervous. I'll keep my money in more conservative investments.
Posted by: trailing wife   2007-03-25 21:40  

#7  Ponzi troll, lol!
Posted by: RD   2007-03-25 21:39  

#6  nigerian muslim troll aisle #5
Posted by: RD   2007-03-25 21:36  

#5  Hi everyone,
Rumours have no feet and reality travels on feet,
I know how the amount gets doubled, I didnt believe such economical formulas but at last I submit it right.... and about droping of money was a traditional rumour to make the bad image of pir double shah but he is secured, thanks a lot.
Feel free in knowing its reality or getting double amount after 70 days by writing in: yousafkamaal@yahoo.com
Take Care.
An economical analyst and educated person from the respective area, Sambrial.
Posted by: Yousaf Kamaal   2007-03-25 21:34  

#4  thanks, Al-Herb, LOL!
Posted by: Frank G   2007-03-25 12:13  

#3  I swear to God I thought rupees could fly!
Posted by: Chuck Simmins   2007-03-25 11:37  

#2  p-p-p-p-ponzi!
Posted by: Frank G   2007-03-25 11:33  

#1  Malik Javed, who came to Wazirabad from Sialkot, said he had hired four people at Rs500 each for collecting the money and had suffered a loss of Rs2,500 because of the false rumour

Hey.. I could have nominated Mr Javed as Today's Idiot.
Pir Double Shah is allegedly throwing about one million US$ from a chopper, money from heaven, and you hire someone for 500 rupees to collect this money for you?
Posted by: John Frum   2007-03-25 11:21  

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