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Panama case: Nawaz Sharif quits as PM after SC disqualifies him, orders filing of graft cases

Pakistan's Supreme Court sends Panamagate graft case against Prime Minister Nawaz Sharif to anti-corruption court for trial.

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File photo: Pakistani Prime Minister Nawaz Sharif (C) looks on after inspecting a guard of honour during a welcoming ceremony.
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Pakistan Prime Minister Nawaz Sharif on Friday resigned from his post, hours after the country's Supreme Court disqualified him over corruption claims against his family. 

It is the third time the 67-year-old veteran politician's term as premier has been cut short.

Finance Minister Ishaq Dar and Captain Safdar, who is an Member of National Assembly (MNA), also stood disqualified from office. The unanimous verdict was given by the five-judge bench.

Supreme Court has ordered the National Accountability Bureau to file case against Sharif and his children in six weeks.

The court also sent the Panamagate graft case against Sharif to anti-corruption court for trial.

The scandal 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.

The assets include four expensive flats in London.

Sharif, who has been the prime minister of Pakistan for a record three time, faces the risk of being disqualified if the court finds him guilty of corruption and money laundering.

He leads Pakistan's most powerful political family and the ruling PML-N party.

A steel tycoon-cum-politician, Sharif had served as the Pakistan's prime minister for the first time from 1990 to 1993. His second term from 1997 was ended in 1999 by Army chief Pervez Musharraf in a bloodless coup.

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

The JIT submitted its report to the court on July 10.

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