Former prime minister of Pakistan Nawaz Sharif was handed seven years in jail and a fine of $2.5 million in the Al-Azizia Steel Mills corruption reference, while the court acquitted him in the Flagship Investments reference, Dawn reported.
The PML-N quaid is expected to be transported to Adiala Jail shortly.
The verdict was announced almost immediately after Nawaz arrived in the courtroom. He will have the option to challenge the verdict against him.
Accountability Judge Arshad Malik while reading out the short order said that there was no case against Nawaz in the Flagship reference.
The judgement was expected to be announced between 9am to 10am. However, there was a delay for unspecified reasons and sources within the court said the judgement would be announced after 2pm.
It may be mentioned that the verdict in the Avenfield corruption reference earlier this year — which handed down sentences to Nawaz, his daughter Maryam and son-in-law Captain Safdar — was delayed multiple times before eventually being announced a little after 4:30pm.
Accountability Judge Mohammad Arshad Malik on Dec 19 had filed by the National Accountability Bureau (NAB) against the former premier.
Security has been beefed up around the judicial complex, with heavy contingents of police and Rangers deployed around the building and along roads leading to the court.
Although Section 144 has been imposed in the capital, the Islamabad and Rawalpindi administrations have decided that there will be no blockade at the entry points of the capital, and security officials will only ensure strict checking.