Special Judge Virender Kumar Goyal convicted Rajan for offences including forgery of valuable security under the IPC which entails a maximum punishment of life imprisonment.
Besides him, the other persons who have been convicted are three retired government servants -- Jayashree Dattatray Rahate, Deepak Natvarlal Shah and Lalitha Lakshmanan.
Rajan is lodged in Tihar Jail here. The other three persons, who were out on bail, were taken into custody after the verdict was announced.
The court will tomorrow hear arguments on the quantum of sentence to be awarded to the convicts.
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During pendency of the plea, the high court had ordered a stay on pronouncement of verdict in the case by trial court. However, the high court later rejected the plea.
Deported after being on the run for 27 years, the 55-year old gangster, once a close aide of fugitive terrorist Dawood Ibrahim, was brought to India to face trial in over 70 cases of murder, extortion and drug smuggling in Delhi and Mumbai.
Rajan was deported to India after his arrest in Bali in October 2015.
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