Panama papers case verdict LIVE updates: Nawaz Sharif resigns as Pak PM; Imran Khan offers thanksgiving prayers

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New Delhi | Updated: July 28, 2017 2:23:55 PM

Panama papers case verdict LIVE updates: Nawaz Sharif resigned from the post of Pakistan Prime Minister after being pronounced guilty by the Pakistan Supreme Court in the Panama Papers Case.

Panama Papers Case, Panama Papers Case live, Panama Papers Case live updates, Panama Papers Case updates, Panama Papers, nawaz sharif, nawaz sharif guilty, pakistan pm nawaz sharif, pakistan prime minister nawaz sharif, pakistan news, latest newsPanama papers case verdict LIVE updates: Nawaz Sharif pronounced guilty in the Panama Papers Case. (Source: PTI)

Panama papers case verdict LIVE updates: In a major blow, the Pakistan Prime Minister Nawaz Sharif was pronounced guilty by the Pakistan Supreme Court in the Panama Papers Case and is set to be removed from his post. Along with this, the Pakistan’s Supreme Court has sent the Panamagate graft case against Prime Minister Nawaz Sharif to anti-corruption court for trial. The Court also disqualified Finance Minister Ishaq Dar according to the local media. The case is about alleged money laundering by 67-year-old Sharif in 1990s, when he twice served as prime minister, to purchase assets in London. The assets surfaced when Panama Papers leak last year revealed that they were managed through offshore companies owned by Sharif’s children. After this decision, Nawaz Sharif who has served as the Pak PM for a record three times, faces the possibility of being removed from the post as he was declared unfit to hold it by the Court.

Justice Ejaz Afzal Khan while addressing the media said all the material that was collected by the Joint Investigation Team (JIT) would be sent to an accountability court within 6 weeks. Also, cases would be opened against Captain Muhammad Safdar, Maryam, Hassan and Hussain Nawaz as well as Nawaz Sharif.

Here are Panama papers case verdict LIVE updates:

2:18 PM: The official statement released by the Pakistan PM office said that Nawaz Sharif stepped down from his post even though he had serious reservations about the judicial process.

2:09 PM: Justices Asif Saeed Khosa, Ejaz Afzal Khan, Gulzar Ahmed, Sheikh Azmat Saeed, Ijazul Ahsan were present for the hearing.

2:04 PM: “The judgement came it was expected. It was on the cards for long,” Pakistan People’s Party leader Qamar Zaman Kaira was quoted saying by the Dawn.

1:58 PM: The news of Nawaz Sharif’s resignation from the post has been confirmed by the Pak PM office. Defence Minister Khwaja Asif is the number 1 contender to replace Sharif at the moment.

1:53 PM: Nawaz Sharif has resigned as the Pakistan Prime Minister. Meanwhile, PTI chief Imran Khan rushed to offer thanksgiving prayers after the disqualification, according to Daily Pakistan.

1:50 PM: “It’s a historic day, lets strengthen Pakistan, lets get rid of terrorism from the country. Let us take this moment to express gratitude to the armed forces, police and other law enforcement agencies. We should also thank the JIT members for not succumbing to the enormous pressure and serving the cause of justice,” said PTI Vice Chairman Shah Mehmood Qureshi.

1:46 PM: Watch video:

1:40 PM: Reaction has come in from Imran Khan-led Pakistan Tehreek-e-Insaf which was asking for Sharif’s resignation. “Godfather’s Rule has ended for good! Truth & Justice have prevailed!” it tweeted.

1:38 PM: Sharif comes from the most powerful political family in Pakistan and the ruling PML-N party. His disqualification gives a chance to the Pakistan Army to capture the power once again.

1:36 PM: Nawaz Sharif has previously served as the Pak PM from 1990 to 1993 and 1997 to 1999. Both the times his tenure ended in the third year.

1:34 PM: According to CNN-News 18, Nawaz Sharif may file a plea against the SC decision.

1:30 PM: All the five judges gave their decision against the Pakistan Prime Minister Nawaz Sharif.

1:15 PM: Ishaq Dar was considered as the most influential person in the Nawaz Sharif Cabinet. He was credited with bringing the economy on to a more sure footing after the 2013 balance of payments crisis.

1:10 PM: Apart from Nawaz Sharif, the Pakistan SC has also disqualified Finance Minister Ishaq Dar, according to the Pak media.

1:08 PM: Earlier, the JIT report had said that the lifestyles of Nawaz Sharif and his children was beyond the sources of income was mentioned by them and had called for a new corruption case against them.

1:02 PM: According to The Dawn, Islamabad and Rawalpindi have been put on high alert after the Supreme Court’s decision.

12:58 PM: According to Republic TV, Nawaz Sharif has gone into a huddle with his top leaders immediately after the disqualification.

12:56 PM: In May, the Supreme Court set up a six-member joint investigation team (JIT) to investigate the charges against Sharif and his family.

12:54 PM: “He is no more eligible to be an honest member of the parliament, and he ceases to be holding the office of prime minister,” Judge Ejaz Afzal Khan said in court, as reported by Reuters.

12:48 PM: According to news agency Reuters, the Court has disqualified Nawaz Sharif from the Prime Minister Office.

12:45 PM: Pakistan Prime Minister Nawaz Sharif has been declared guilty by the Pakistani Supreme Court in the Panama Papers Case.

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