Jack Beauchamp

Jack Beauchamp, the former head of Morbank Financial, was shot dead in 2006.

A Calgary man was sentenced to life in prison with no chance of parole for 18 years for killing the head of a mortgage-lending company. Mohamed Karim was sentenced Thursday morning in a Calgary courtroom.

Jack Beauchamp, 49, was shot six times and found dead in his downtown office in January 2006.

"I completely understand her decision," said Karim's lawyer, Andriano Iovinelli, of Justice Beth Hughes.

Iovinelli had asked the judge for 15 years without parole, but the judge sided with the Crown's submission of 18 years, citing concerns about the safety of the community.

Karim had written letters of apology to the Beauchamp's family, and attempted to apologize on the record Thursday, but was not given permission.

In 2007, Karim and his co-accused, Robert Deer, were initially convicted of first-degree murder in the death of Beauchamp, the head of Morbank Financial. The pair appealed and a new trial was granted.

In September 2013, a judge found Karim guilty of second-degree murder and Deer guilty of manslaughter.

In Karim's first trial, the Crown argued that the shooting resulted from a failed $1.2-million mortgage deal. When Beauchamp pursued his $18,000 fee, Deer hired Karim to kill the financier.

Karim testified in his defence that he planned to frighten the president of Morbank Financial, but panicked when Beauchamp rushed at him.

The jury heard of threatening emails and phone calls Deer made to Beauchamp, as well as a deposit of $1,000 into Karim's bank account two days after the shooting.

Earlier this month, Karim made allegations that he was abused verbally, physically and sexually by remand guards. He claimed the alleged abuses were racially and religiously motivated.

Iovinelli said Karim will likely spend the start of his prison term in Edmonton's maximum-security facility, but will likely be transferred to a prison closer to his family in Montreal.