ISLAMABAD: A Pakistani court on Monday sentenced former Prime Minister Nawaz Sharif to seven years in prison for corrupt practices linked to the setting up of a steel mill, in a verdict that threatens to end the career of one of Pakistan’s most high-profile politicians of the last four decades.
The accountability court acquitted the three-time prime minister in a second corruption case involving an investment company.
“I’ve never committed corruption so my conscience is clear,” local media quoted Sharif as telling reporters present in the courtroom after the verdict was announced.
Hundreds of Sharif supporters gathered outside the accountability court as a judge ruled on two separate cases that investigated the source of funds to set up two companies, Al-Azizia and Hill Metal Establishment in Saudi Arabia and Flagship Investment in the United Kingdom.
Both companies were established in 2001 when Sharif lived in exile in Saudi Arabia after his government was ousted in a military coup in 1999. Investigations were hinged on the question of how the Sharif family was able to arrange the funds to set up the firms at a time when they were exiled and had no money or assets.
Sharif was taken into custody immediately after the judge read out the sentence and will be incarcerated at Lahore’s Kot Lakhpat Jail. His lawyers are expected to appeal the Al-Azizia verdict at the Islamabad High Court, while the National Accountability Bureau may move the court against Sharif’s acquittal in the Flagship Investment case.
“We have always respected past verdicts and we will respect this one too,” Shahid Khaqan Abbasi, a senior leader of Sharif’s Pakistan Muslim League-Nawaz (PML-N) party, said. “But neither history nor the nation will accept this verdict.”
“These verdicts will God willing be done away with; what will be left behind is Nawaz Sharif’s honesty,” Sharif’s daughter and political heir Maryam Nawaz Sharif tweeted minutes after the sentence was announced. “Remember, when injustice passes a certain limit, it is eliminated.”
Monday’s judgment ends a two-and-a-half-year-long saga of corruption cases involving accusations the Sharif family hid offshore accounts and engaged in money laundering and tax evasion. The cases stemmed from the 2016 Panama Papers’ leaks that first revealed the family had bought luxurious London apartments through offshore companies.
Sharif and his family have repeatedly called the corruption proceedings politically motivated and hinted at collusion between Pakistan’s all-powerful military and the courts to keep the ex-premier and his PMLN party out of politics. On the other hand, Sharif’s opponents have championed the court cases as a rare example of Pakistan’s power elite finally being held to account. The military denies any wrongdoing.
Sharif has served as prime minister thrice but been unable to complete his term all three times. He was removed by a presidential order in 1993 and in a military coup in 1999 after which he went into exile until 2007.
Sharif was elected as prime minister for the third time in a landmark general election in 2013 but his rule was cut short after the Supreme Court disqualified him from office in July 2017 for trying to conceal assets. The court also ordered the opening of three criminal investigations into the Sharif family.
In July 2018, less than two weeks before general elections, Sharif was sentenced to ten years in jail and subsequently arrested in a first case linked to the money trail for the purchase of upscale Avenfield London flats. His daughter Maryam was also jailed for seven years on corruption charges relating to the family’s acquisition of the flats.
Both father and daughter were released on bail after their sentences were suspended by the Islamabad High Court in September, almost two months after Sharif’s party lost elections to the party of new Prime Minister Imran Khan.
On Monday, the accountability court ruled on the last two cases, sending Sharif to jail for seven years.
On December 21, Sharif’s party had announced that an advisory council would run the party’s affairs if he were arrested but it is widely speculated that his daughter will be the real boss.
“The verdict definitely marks the end of hands-on control of the PMLN by Nawaz Sharif and any possibility of him holding office in Pakistan again,” political talk show host Mohammad Malick said.
Sharif’s brother Shehbaz Sharif, the leader of the opposition, is also currently facing cases involving alleged corruption in a low-cost housing scheme and other government projects. Sharif’s daughter Maryam is out on bail in the London apartments’ case but the National Accountability Court has filed an appeal against the suspension of the case. The court is yet to rule on that appeal.
“If Shehbaz [Sharif] is cleared of all cases, then he will take over the [PMLN] party; otherwise all eyes are on Maryam,” Malick said. “But if all three figures are convicted, then that is the end of the PMLN for all practical purposes, at least in its present shape and form.”
Nawaz Sharif, toppled prime minister and political survivor, gets 7 years jail
Nawaz Sharif, toppled prime minister and political survivor, gets 7 years jail
- Sentenced to prison in steel mill case, acquitted in investment company reference
- Verdict threatens end of career of one of Pakistan’s most high-profile politicians
EU, Britain to face off in post-Brexit fishing battle case
The bitter arbitration case over sandeels is seen as a bellwether for other potential litigation between London and Brussels in a perennial hot-bed industry, experts said.
Tuesday’s clash at the Hague-based Permanent Court for Arbitration also marks the first courtroom trade battle between the 27-member trading bloc and Britain since it left the EU in 2020.
Brussels has dragged London before the PCA following a decision last year to ban all commercial fishing of sandeels in British waters because of environmental concerns.
London in March ordered all fishing to stop, saying in court documents that “sandeels are integral to the marine ecosystem of the North Sea.”
Because of climate change and commercial fishing, the tiny fish “risked further decline... as well as species that are dependent on sandeels for food including fish, marine mammals, and seabirds.”
This included vulnerable species like the Atlantic puffin, seals, porpoises and other fish like cod and haddock, Britain’s lawyers said.
But Brussels is accusing London of failing to keep to commitments made under the landmark Trade and Cooperation Agreement, which gave the EU access to British waters for several years during a transition period after London’s exit.
Under the deal, the EU’s fishing fleet retained access to British waters for a five-and-half-year transition period, ending mid-2026. After that, access to respective waters will be decided in annual negotiations.
“The EU does not call into question the right of the UK to adopt fisheries management measures in pursuit of legitimate conservation objectives,” Brussels’ lawyers said in court papers.
“Rather, this dispute is about the UK’s failure to abide by its commitments under the agreement.”
London failed to apply “evidence-based, proportionate and non-discriminatory measures when restricting the right to EU vessels to full access to UK waters to fish sandeel,” the EU lawyers said.
Brussels is backing Denmark in the dispute, whose vessels take some 96 percent of the EU’s quota for the species, with sandeel catches averaging some £41.2 million (49 million euros) annually.
“The loss of access to fisheries in English waters could affect relations with the EU, including Denmark, as they are likely to lead to employment losses and business losses overseas,” the EU’s lawyers warned.
The case will now be fought out over three days at the PCA’s stately headquarters at the Peace Palace in The Hague, which also houses the International Court of Justice.
Set up in 1899, the PCA is the world’s oldest arbitral tribunal and resolves disputes between countries and private parties through referring to contracts, special agreements and various treaties, such as the UN Convention on the Law of the Sea.
The EU’s decision to open a case before the PCA “will not have been taken lightly and reflected the political importance it places on fishing rights,” writes Joel Reland, a senior researcher at UK in a Changing Europe, a London-based think tank.
In a number of “influential member states — including France, the Netherlands and Denmark — fishing rights are an important issue, with many communities relying on access to British waters for their livelihoods.”
“This dispute is an early warning that the renegotiation of access rights, before the TCA fisheries chapter expires in June 2026, will be critical for the EU,” said Reland.
A ruling in the case is expected by the end of March.
Trump says will build ‘Iron Dome’ missile shield
- The system “will be made right here in the USA,” the president said
MIAMI: President Donald Trump said Monday he would sign an executive order to start building an “Iron Dome” air defense system for the United States, like the one that Israel has used to intercept thousands of rockets.
“We need to immediately begin the construction of a state-of-the-art Iron Dome missile defense shield, which will be able to protect Americans,” Trump told a Republican congressional retreat in Miami.
Trump said the system “will be made right here in the USA.”
Speaking on the day new Defense Secretary Pete Hegseth took office, Trump said it was one of four orders he would sign, along with one that would “get transgender ideology the hell out of our military.”
During the 2024 election campaign Trump repeatedly promised to build a version of Israel’s Iron Dome system for the United States
But he ignored the fact that the system is designed for short-range threats, making it ill-suited to defending against intercontinental missiles that are the main danger to the United States.
Trump however again sung the praises of the Israeli system, which Israel has used to shoot down rockets fired by its regional foes Hamas in Gaza and Hezbollah in Lebanon during the war sparked by the October 7 Hamas attack on Israel.
“They knock down just about every one of them,” Trump said. “So I think the United States is entitled to that.”
Ukraine’s Zelensky says war means mobilization rules cannot be changed
- Members of some units in areas deemed critical to ensuring Ukraine’s defensive lines have not enjoyed any leave since Russia launched its full-scale invasion of the country in February 2022
Ukrainian President Volodymyr Zelensky said on Monday that the rigours of nearly three years of war did not allow for changes in mobilization rules because if soldiers left for home en masse, Russian President Vladimir Putin “will kill us all.”
Zelensky told Italian journalist Cecilia Sala, who was released this month after being detained for 21 days in Iran, that the toll of war on Ukrainians and their families underscored the need to bring the conflict rapidly to an end.
Parliament approved new mobilization rules last year to boost numbers of those at the front, but Ukraine’s fighting forces are still badly outnumbered by their Russian adversaries.
“The wartime situation calls for mobilization of people and all the resources we have in the country. Absolutely all of them,” Zelensky said in the interview, excerpts of which were posted on the president’s Telegram channel.
“And, unfortunately, that is the challenge of this war and that is why we have to speed things up to the maximum to end it, to oblige Russia to end this war,” Zelensky said.
“Today, we are defending ourselves. If tomorrow, for instance, half the army heads home, we really should have surrendered on the very first day. That is how it is. If half the army goes home, Putin will kill us all.”
The legislation approved last year, lowered the age of mobilization for Ukrainian men from 27 to 25 years, narrowed exemptions and imposed penalties on evaders.
Zelensky and others have rejected suggestions by politicians in the United States, Ukraine’s biggest Western backer, that the draft age be lowered further on grounds that Ukrainian forces at the front are not sufficiently well armed.
Members of some units in areas deemed critical to ensuring Ukraine’s defensive lines have not enjoyed any leave since Russia launched its full-scale invasion of the country in February 2022.
Russian forces failed in their initial advance on the capital Kyiv, but have since focused their efforts on securing all of Donbas, made up of Donetsk and Luhansk regions, in Ukraine’s east.
Russian forces occupy about 20 percent of Ukraine’s territory and have been recording their fastest gains since the invasion in their advance in the east, while holding part of four Ukrainian regions.Ukrainian President Volodymyr Zelensky
US Justice Dept officials involved in Trump prosecutions fired
WASHINGTON: The US Justice Department fired a number of officials on Monday who were involved in the criminal prosecutions of President Donald Trump.
“Acting attorney general James McHenry made this decision because he did not believe these officials could be trusted to faithfully implement the president’s agenda because of their significant role in prosecuting the president,” a Justice Department official said.
The official did not specify now many people had their employment terminated, but US media outlets said it was more than a dozen and several were career prosecutors with the Justice Department.
Special Counsel Jack Smith, who brought two federal cases against Trump, resigned earlier this month.
Smith charged Trump with plotting to overturn the results of the 2020 election and mishandling classified documents after leaving the White House.
Neither case came to trial and Smith — in line with a long-standing Justice Department policy of not prosecuting a sitting president — dropped them both after the Republican won November’s presidential election.
The firing of the Justice Department officials involved in prosecuting Trump was not unexpected.
Trump had vowed before the election to fire Smith “on day one” and accused the Justice Department under Democratic president Joe Biden of conducting a “political witchhunt” against him.
In his inauguration speech, Trump said he would end the “vicious, violent, and unfair weaponization of the Justice Department and our government.”
In his final report, Smith said Trump would have been convicted for his “criminal efforts” to retain power after the 2020 election if the case had not been dropped.
Trump was charged with conspiracy to defraud the United States and conspiracy to obstruct an official proceeding — the session of Congress held to certify Biden’s win that was violently attacked on January 6, 2021 by a mob of Trump supporters.
Smith also prepared a report into Trump’s alleged mishandling of classified documents but it is being withheld because charges are pending against two of his former co-defendants.
Trump faces separate racketeering charges in Georgia over his efforts to subvert the election results in the southern state, but the case will likely be frozen while he is in office.
Trump was convicted in New York in May of falsifying business records to cover up hush money payments to a porn star. The judge who presided over the case gave him an “unconditional discharge” which carries no jail time, fine or probation.
DeepSeek: Chinese AI firm sending shock waves through US tech
- The program has shaken up the tech industry and hit US titans including Nvidia, the AI chip juggernaut that saw nearly $600 billion of its market value erased, the most ever for one day on Wall Street
BEIJING: Chinese firm DeepSeek’s artificial intelligence chatbot has soared to the top of the Apple Store’s download charts, stunning industry insiders and analysts with its ability to match its US competitors.
The program has shaken up the tech industry and hit US titans including Nvidia, the AI chip juggernaut that saw nearly $600 billion of its market value erased, the most ever for one day on Wall Street.
Here’s what you need to know about DeepSeek:
DeepSeek was developed by a start-up based in the eastern Chinese city of Hangzhou, known for its high density of tech firms.
Available as an app or on desktop, DeepSeek can do many of the things that its Western competitors can do — write song lyrics, help work on a personal development plan, or even write a recipe for dinner based on what’s in the fridge.
It can communicate in multiple languages, though it told AFP that it was strongest in English and Chinese.
It is subject to many of the limitations seen in other Chinese-made chatbots like Baidu’s Ernie Bot — asked about leader Xi Jinping or Beijing’s policies in the western region of Xinjiang, it implored AFP to “talk about something else.”
But from writing complex code to solving difficult sums, industry insiders have been astonished by just how well DeepSeek’s abilities match the competition.
“What we’ve found is that DeepSeek... is the top performing, or roughly on par with the best American models,” Alexandr Wang, CEO of Scale AI, told CNBC.
That’s all the more surprising given what is known about how it was made.
In a paper detailing its development, the firm said the model was trained using only a fraction of the chips used by its Western competitors.
Analysts had long thought that the United States’ critical advantage over China when it comes to producing high-powered chips — and its ability to prevent the Asian power from accessing the technology — would give it the edge in the AI race.
But DeepSeek researchers said they spent only $5.6 million developing the latest iteration of their model — peanuts when compared with the billions US tech giants have poured into AI.
Shares in major tech firms in the United States and Japan have tumbled as the industry takes stock of the challenge from DeepSeek.
Chip making giant Nvidia — the world’s dominant supplier of AI hardware and software — closed down seventeen percent on Wall Street on Monday.
And Japanese firm SoftBank, a key investor in US President Donald Trump’s announcement of a new $500 billion venture to build infrastructure for artificial intelligence in the United States, lost more than eight percent.
Venture capitalist Marc Andreessen, a close adviser to Trump, described it as “AI’s Sputnik moment” — a reference to the Soviet satellite launch that sparked the Cold War space race.
“DeepSeek R1 is one of the most amazing and impressive breakthroughs I’ve ever seen,” he wrote on X.
Like its Western competitors Chat-GPT, Meta’s Llama and Claude, DeepSeek uses a large-language model — massive quantities of texts to train its everyday language use.
But unlike Silicon Valley rivals, which have developed proprietary LLMs, DeepSeek is open source, meaning anyone can access the app’s code, see how it works and modify it themselves.
“We are living in a timeline where a non-US company is keeping the original mission of OpenAI alive — truly open, frontier research that empowers all,” Jim Fan, a senior research manager at Nvidia, wrote on X.
DeepSeek said it “tops the leaderboard among open-source models” — and “rivals the most advanced closed-source models globally.”
Scale AI’s Wang wrote on X that “DeepSeek is a wake up call for America.”
Beijing’s leadership has vowed to be the world leader in AI technology by 2030 and is projected to spend tens of billions in support for the industry over the next few years.
And the success of DeepSeek suggests that Chinese firms may have begun leaping the hurdles placed in their way.
Last week DeepSeek’s founder, hedge fund manager Liang Wenfeng, sat alongside other entrepreneurs at a symposium with Chinese Premier Li Qiang — highlighting the firm’s rapid rise.
Its viral success also sent it to the top of the trending topics on China’s X-like Weibo website Monday, with related hashtags pulling in tens of millions of views.
“This really is an example of spending a little money to do great things,” one user wrote.
