Atif Mohammad Khan, husband of model and actress Nadia Hussain and former CEO of Bank Alfalah Securities, has been arrested for allegedly embezzling Rs 540 million.
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The FIA launched an investigation after a complaint from the company’s board, accusing Atif of misusing Rs 80 million for personal trading and illegally acquiring Rs 654 million through a third party. Former CFO Faisal Sheikh and another individual, Imtiaz Ahmed, are also implicated. Further investigations are ongoing.
