Bapex goes to ICSID for compensation
Bangladesh Petroleum Exploration and Production Company (Bapex) has filed a case with an international arbitration court against Niko Resources Bangladesh Ltd. Bapex claimed a compensation of around Tk 9,189 crore and annulment of the previous cases against itself.
Bapex filed this case at the International Centre for Settlement of Investment Disputes (ICSID).
According to the related sources, Niko has pleaded guilty in the Canadian court to bribing a Bangladeshi minister for getting the lease of gas fields. Bapex submitted evidences to the ICSID on blown out gas fields that was generated by different international investigators and referred to that Canadian verdict indeed, while filing the case.
Among the evidences, there is a copy of cheque that was used to transact the bribe...





















