Actress Nadia Hussain on FIA's radar in high-profile bank fraud case

The Federal Investigation Agency (FIA) has summoned actress and model Nadia Hussain in a fraud case involving financial irregularities.

The case was heard at Karachi’s Judicial Magistrate Sharqi Court, where the FIA submitted an interim challan spanning 55 pages. The case involves two accused: Atif Khan, husband of Nadia Hussain, who has been arrested, and Faisal Mehmood Sheikh, who is currently out on bail.

According to the FIA’s challan, "Atif Khan made personal trading worth more than Rs 1 billion from the company’s account." It further revealed that the account of Nadia Hussain’s salon was among the beneficiaries of the accused’s financial transactions.

The investigation found that  "Rs 26.4 million was transferred to Nadia Hussain’s salon accounts through two separate accounts of Atif Khan." The FIA alleges that these funds were used for her two salons, and she is now expected to be summoned for questioning.

The challan also stated, "Those who benefited from the transfer of funds in Atif Khan’s bank accounts will be called for investigation."

Furthermore, the FIA report highlights that the accused had deposited Rs 31.47 million in dividends from shares purchased using company funds into his account.

Additionally, he had obtained Rs 650 million from third parties for short-term personal trading but later returned the funds through the company’s accounts with a mark-up. The amount owed by the accused to the company stands at Rs 540 million.