The judgement in the 15-year-old bank fraud case was issued on Wednesday by the Accountability Court in Lahore.
According to the NAB prosecutor, the accountability court sentenced three defendants in the bank fraud case to seven years in jail, while four others were acquitted on conviction.
The defendants Habib-ur-Rehman, Arif Pervez, and Mahmood-ul-Hassan were sentenced to 7 years in jail, while Waris Ali, Muhammad Hussain, Iftikhar Ali, and Faiz-ur-Rehman were acquitted.
The NAB prosecutor stated that the NAB filed a referral against the accused in 2007.