The Federal Investigation Agency (FIA) Corporate Crime Circle has arrested Atif Ahmed Khan, the husband of renowned actress and model Nadia Hussain, in connection with a financial fraud case worth Rs539 million.
According to FIA officials, Atif Ahmed Khan was taken into custody during a raid at his residence in Karachi. The arrest followed an investigation initiated after a complaint from the board of directors of a private bank.
The FIA alleges that the accused, who previously served as the bank's CEO, misused company funds for personal financial trading and engaged in corporate financial fraud.
Investigations revealed that Atif Ahmed Khan illegally acquired Rs654 million through a third party, using bank funds for personal investments. He allegedly diverted Rs80 million for private trading and covered up the fraud using fake documents. The FIA further stated that he paid himself with a high markup from company funds, violating banking regulations.
Following his arrest, Atif Khan was presented before a customs court, which approved a four-day physical remand for further investigation. The FIA is now examining additional financial records to determine the full extent of the fraud and any possible accomplices.
The arrest has attracted widespread attention due to the involvement of Nadia Hussain’s husband. While the actress has yet to comment on the matter, sources indicate that law enforcement agencies are actively pursuing leads to uncover further details of the financial scandal.
