00:00nine hundred seventy seven words video title the golden betrayal how lahore's most honest man looted a billion the hook zero o'clock zero thirty visual slow-motion shots of lahore's bustling ikra market transitioning to a deserted jewelry shop with a dusty banner
00:16narrator for thirty years he was the gold standard of trust in lahore a man so respected he was called the only sadiq and a mean honest and truthful person in the market but in december shi kwasi mactor did the unthinkable he didn't just vanish with twenty kilograms of gold
00:35he vanished with the life savings of widows the dowries of orphans and the blind faith of an entire industry this is the anatomy of a one billion rupees scam and the petty five o o rupee mistake that finally brought him down
00:50part i the legend of shi kwasim zero thirty two thirty narrator to understand the crime you must understand the man shi kwasim mactor was not just a wholesale jeweler
01:05he was the former president of the ikra market association over three decades he built a reputation that was impenetrable in sight traders didn't just leave gold with him
01:17they left their house registries car documents and even their house keys he acted as a parallel banking system people trusted him so much they would give him their wealth without a single receipt believing his word was better than a legal contract
01:33narrator he groomed this trust through grand gestures he would take fellow traders on hadj and amrah sometimes even paying for their tickets himself if a trader's gold set was sold he would sometimes give them the profit of two sets just to keep them hooked on abnormal gains from the wealthy elite to the humble tea seller
01:52who served him for five years every one believed shi kwasim was their benefactor part two the cracks in the facade to thirty four o'clock
02:04narrator but behind the scenes the tzaddik and ameen was drowning sources suggest that as his children grew so did their appetite for luxury with two children studying in malaysia and a lifestyle of frequent international trips to dubai and saudi arabia
02:21his capital began to evaporate insight this wasn't a sudden heist it was a slow motion collapse he began melting the assets of others to fund his family's desires he was a master of the double shah technique using new investments to pay off old debts until the pile of gold simply wasn't there any more
02:41part three the great vanishing act four o'clock six o'clock narrator on december fourth the trap was sprung wasim placed a banner on his shop going to karachi for a funeral back in a few days narrator it was a lie while the market waited for his return wasim was busy liquidating his life in lahore he sold his
03:05six point five crore rupee house in a posh housing scheme he sold his fleet of six cars he even took the sixty-luck rupee committee fund from the market
03:15narrator when his phone finally went dead the panic hit traders broke into his shop to find ten empty safes he hadn't even spared his own family
03:26his stepmother claims he fled with three kilograms of her gold the funeral in karachi was actually a calculated escape to the twin cities of rawalpindi and islamabad
03:37part four the manhunt and the five o o rupee mistake six o'clock eight thirty narrator she kwasim was a master of disguise for weeks he moved like a ghost through ten different rented houses in islamabad zef one g eight and g ten sectors he used six different mobile phones and changed sim cards constantly to stay ahead of the police narrator the investigation was a high stakes game of digital
04:05hide and seek the lahore police led by the d s p of ikra spent a week camped out in the twin cities but the case took a political turn when chief minister mariamna was posted about the scam on social media pressuring the police to make a public arrest
04:21the twist despite allegedly sitting on a billion rupees wasim's downfall was triggered by his own greed and frugality he went to a mobile shop in islamabad to sell two old phones he reportedly argued with the shopkeeper for an hour over a measly five hundred rupees
04:38that delay was fatal the shopkeeper remembered him and when the new buyer of the phone inserted a sim card the imei number pinged the federal monitoring cells cc tv footage of him and his daughter selling those phones gave the police the lead they needed
04:58part five the aftermath and legal deadlock eight thirty nine thirty narrator she kwasim is now in custody but for the victims the nightmare is just beginning the scale of the fraud is debated initial reports claim twenty kilograms of gold worth one billion rupees
05:15but police estimates now suggest closer to ten kilograms involving thirty five complainants the grim reality because so many traders gave him gold without receipts to avoid taxes or hide black money the legal path to recovery is nearly impossible
05:32experts warn that without extra legal pressure which is now restricted because the arrest is public the chance of getting the gold back is slim wasim faces charges under
05:42section four hundred six for criminal breach of trust but as one journalist noted he may prefer a few years in jail over returning the fortune the conclusion nine thirty ten o'clock
05:57narrator the she kwasim scam is a state of the art lesson in the fragility of trust it proves that in a world driven by greed even a thirty-year reputation can be a long-term con
06:09as long as we bypass the law for the sake of abnormal profits and undocumented deals there will always be another she kwasim waiting in
06:17the wings narrator lahore's biggest gold heist wasn't committed with a gun it was committed with a smile a prayer bead and three decades of lies visual fade too black with the helpline number for the icra police station
06:33for thirty years he was the gold standard of trust in lahore a man so respected he was called the only tzaddik and a mean honest and truthful person in the market but in december she kwasim actor did the unthinkable he didn't just vanish with twenty kilograms of gold
06:51he vanished with the life savings of widows the dowries of orphans and the blind faith of an entire industry this is the anatomy of a one billion rupees scam and the petty five o o rupee mistake that finally brought him down
07:06to understand the crime you must understand the man she kwasim actor was not just a wholesale jeweller he was the former president of the icra market association over three decades he built a reputation that was impenetrable traders didn't just leave gold with him
07:25they left their house registries car documents and even their house keys he acted as a parallel banking system people trusted him so much they would give him their wealth without a single receipt believing his word was better than a legal contract
07:41he groomed this trust through grand gestures he would take fellow traders on hajj and amrah sometimes even paying for their tickets himself if a trader's gold set was sold he would sometimes give them the profit of two sets just to keep them hooked on abnormal gains from the wealthy elite to the humble tea-seller who served
08:01him for five years every one believed shi kwasim was their benefactor but behind the scenes the saddik and amin was drowning sources suggest that as his children grew so did their appetite for luxury
08:15with two children studying in malaysia and a lifestyle of frequent international trips to dubai and saudi arabia his capital began to evaporate this wasn't a sudden heist
08:26it was a slow motion collapse he began melting the assets of others to fund his family's desires he was a master of the double shah technique using new investments to pay off old debts until the pile of gold simply wasn't there any more
08:41on december fourth the trap was sprung wasim placed a banner on his shop going to karachi for a funeral back in a few days it was a lie while the market waited for his return wasim was busy liquidating his life in lahore
08:57he sold his six point five crore rupee house in a posh housing scheme he sold his fleet of six cars he even took the sixty-luck rupee committee fund from the market when his phone finally went dead the panic hit traders broke into his shop to find ten empty safes
09:15he hadn't even spared his own family his stepmother claims he fled with three kilograms of her gold the funeral in karachi was actually a calculated escape to the twin cities of rawalpindi and islamabad
09:29shikwasim was a master of disguise for weeks he moved like a ghost through ten different rented houses in islamabad's f one g eight and g ten sectors he used six different mobile phones and changed sim cards constantly to stay ahead of the police
09:46the investigation was a high-stakes game of digital hide and seek the lahore police led by the dsp of ikra spent a week camped out in the twin cities but the case took a political turn when chief minister mariamna was posted about the scam on social media pressuring the police to make a public arrest
10:06despite allegedly sitting on a billion rupees wasim's downfall was triggered by his own greed and frugality he went to a mobile shop in islamabad to sell two old phones
10:17he reportedly argued with the shopkeeper for an hour over a measly five hundred rupees that delay was fatal the shopkeeper remembered him and when the new buyer
10:27of the phone inserted a sim card the imei number pinged the federal monitoring cells cc tv footage of him and his daughter selling those phones gave the police the lead they needed
10:40she quassim is now in custody but for the victims the nightmare is just beginning the scale of the fraud is debated initial reports claimed twenty kilograms of gold worth one billion rupees but police estimates now suggest closer to ten kilograms involving thirty-five complainants
10:58because so many traders gave him gold without receipts to avoid taxes or hide black money the legal path to recovery is nearly impossible experts warn that without extra legal pressure which is now restricted because the arrest is public the chance of getting the gold back is slim
11:16wasim faces charges for criminal breach of trust but as one journalist noted he may prefer a few years in jail over returning the fortune the she quassim scam is a state of the art lesson in the fragility of trust
11:30it proves that in a world driven by greed even a thirty-year reputation can be a long-term con as long as we bypass the law for the sake of abnormal profits and undocumented deals there will always be another she quassim waiting in the wings lahore's
11:47biggest gold heist wasn't committed with a gun it was committed with a smile a prayer bead and three decades of lies thanks for watching
11:57thank you
12:00thank you
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