Pakistan's accountability court on Friday found former prime minister Nawaz Sharif guilty in the Avenfield case, awarding him 10 years rigorous imprisonment for owning assets beyond his means and one additional year for not cooperating with the National Accountability Bureau (NAB).
"The court sentenced Sharif to 10 years rigorous imprisonment and fined eight million pounds (over Dollars 10 million)".
Sharif also said he hadn't yet read the verdict but it reportedly stated that the prosecution couldn't prove any allegation of corruption, and this was a "matter of pride for me".
But in the ruling that ousted Mr. Sharif from office a year ago, the Supreme Court concluded that he and his family members could not adequately explain how they were able to afford the expensive London apartments and that they failed to provide a money trail.
Besides Sharif, his daughter Maryam and son-in-law Safdar, his sons Hassan and Hussain were also co-accused.
His daughter, Maryam Nawaz Sharif, considered his political heir, was sentenced to seven years in prison and fined $2m. Her husband Capt (retd) Muhammad Safdar was jailed for one year.
At least on Friday, it appeared unlikely that either Nawaz Sharif or his daughter would appear in Pakistan to go to jail. Sharif, who is in London, was sentenced in absentia.More news: Kompany: Belgium losing no sleep over Brazil
A supporter of ousted Pakistani prime minister Nawaz Sharif carries a party flag in Rawalpindi on July 29, 2017.
"We reject this decision", his brother Shahbaz Sharif, who is leading the PML-N into Pakistan's second ever democratic transition of power, told a televised press conference in Lahore shortly after the verdict. Nawaz Sharif's sentencing is credited to Khan. History will remember this verdict in black words.
Shehbaz Sharif vowed that he will go to every "nook and corner of the country to make the masses aware of the miscarriage of justice" - and that another verdict, this time in the "court of the people", is set to be rendered in the July 25 elections.
1999 - Overthrown in a military coup by General Pervez Musharraf, the country's fourth army takeover since independence in 1947.
The Supreme Court agreed to investigate the Sharif family's finances after Khan threatened street demonstrations to protest graft.
The PML-N has termed the trial political victimisation.
Yet the market remained largely calm yesterday as the accountability court kept delaying the announcement of the verdict throughout the day, first dropping 200 points into the red but closing at 45 points in the clear.