NEW DELHI: Lashkar-e-Taiba (LeT) founder Hafiz Saeed has been convicted in two terror financing cases and sentenced to five years jail, news agency ANI reported on Wednesday. This is the first time that Hafiz Saeed, who was arrested last year, has been convicted in a terror case.

Reports of Hafiz Saeed’s conviction comes right ahead of a crucial meeting of the anti-terror financing body, Financial Action Task Force, that will decide Pakistan’s listing color code.

Islamabad, which has been trying to get off FATF’s grey list, has been trying to persuade the international community that it was serious about curbing terror financing.

The “grey list” acknowledges that Pakistan is a country where terrorist groups can carry out activities and raise funds, a label that makes foreign investment and loans from global financial institutions difficult.

(with inputs from Agencies)