The High Court division bench of Justice Bhabani Prasad Singha and Justice Mustafa Zaman Islam delivered the verdict, reports Xinhua news agency.
The order was passed on a petition filed by a lawyer for the state-run Bangladesh Petroleum Exploration Company (BAPEX) and Bangladesh Oil, Gas and Mineral Corporation, or Petrobangla.
Canadian company Niko Resources signed the deals -- joint venture agreement and gas purchase and sales agreement (GPSA) -- with BAPEX and Petrobangla in 2003 and 2006, respectively.
A total of 11 people, including former Prime Minister Khaleda Zia, were charged in 2008 for allegedly causing a loss of 137 billion Bangladeshi taka ($1 billion) to the state exchequer by awarding the gas exploration job to Niko.
Bangladesh's Anti-Corruption Commission filed the Niko graft case in 2007 after Zia was arrested.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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