Atif Ahmed Khan, the husband of actress and model Nadia Hussain, has been arrested by the Federal Investigation Agency (FIA) Corporate Crime Circle in connection with a financial fraud case involving Rs539 million.
FIA officials confirmed that Atif Ahmed Khan was apprehended during a raid at his residence in Karachi. His arrest follows an investigation launched after a complaint from the board of directors of a private bank.
The FIA alleges that Atif, who previously served as the CEO of the bank, misused company funds for personal financial trading and engaged in corporate financial fraud. Investigations revealed that Khan illegally acquired Rs654 million through a third party, using bank funds for personal investments. He allegedly diverted Rs80 million for private trading and used fake documents to cover up the fraud. Additionally, he paid himself a high markup from company funds, violating banking regulations.
After his arrest, Atif Khan was presented before a customs court, which granted a four-day physical remand for further investigation. The FIA is now reviewing additional financial records to uncover the full scope of the fraud and identify any potential accomplices.
The arrest has drawn significant attention due to Atif’s connection to Nadia Hussain. While the actress has yet to comment publicly on the situation, sources indicate that law enforcement agencies are actively pursuing leads to uncover more details of the financial scandal.
