Dhaka (AP/PTI): Bangladesh's High Court on Sunday acquitted former prime minister Khaleda Zia's son, Tarique Rahman, and 48 others, overturning their verdicts in a deadly 2004 grenade attack on a political rally.

The ruling comes at a critical time as the South Asian country suffers political tension after longtime Prime Minister Sheikh Hasina fled the country to India in August following a mass uprising that left hundreds dead.

Rahman serves as the acting chairperson of Zia's Bangladesh Nationalist Party while in self-exile in London, and could become Bangladesh's next leader if his party is voted into power.

Rahman and the 48 others were found guilty in 2018 in the attack targeting a rally held by supporters of Hasina, who led the opposition at the time, leaving two dozen people dead and wounding about 300 others. A court sentenced 19 of them to death while Rahman got life in prison, with Zia's party accusing the ruling counterpart of being politically motivated.

A two-member judge panel scrapped Sunday the entire 2018 ruling for all 49 men, following an appeal lodged by the defendants. Shishir Monir, a defence lawyer, told reporters the court declared the trial and verdict “illegal.”

“As a result, all defendants have been acquitted,” he said.

Zia, who ruled the country as prime minister between 2001-2006, and Hasina are the country's most powerful politicians and longtime rivals.

Nobel Peace laureate Muhammad Yunus has been the country's interim leader since Hasina left, but authorities have been struggling to enforce order amid mob justice, chaos and claims of systematic targeting of minority groups, particularly Hindus, which Yunus said are "exaggerated."

Hasina's Awami League party blasted the court ruling in a Facebook post on Sunday, saying it wasn't “Yunus' Kangaroo court" and that the people of Bangladesh would be the ones trying those responsible for the attacks.

Zia's party welcomed Sunday's ruling.

The attorney general's office can appeal the ruling in the Supreme Court.

The Yunus-led government has not declared any timeframe for the next election, but Rahman and his party want the new election sometime soon.

Meanwhile, Jamaat-e-Islami party, which shared power with Zia's party in 2001-2006 with important portfolios in the Cabinet, said it wants to allow the Yunus-led government to stay in power to bring in reforms in various sectors before a new election.

Hasina faces charges of crimes against humanity for deaths during the summer's student-led uprising. The interim government has sought help from Interpol to arrest Hasina. It is not clear if India will respond to any request from Bangladesh for Hasina's extradition under a mutual treaty.

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Kochi (Kerala) (PTI): Police on Sunday arrested three directors of a firm accused of cheating hundreds of investors of over Rs 100 crore through a fake investment scheme linked to agricultural tourism here, officials said.

The accused were identified as Muraleedharan, Ashik Murali and Akhil Murali, all natives of Thrissur.

The arrests were made by the Kalamassery police in connection with a fraud involving ATCOS (Agri Tourism Cooperative Society), a firm headquartered at Pathadipalam here.

Police said the company had promised high returns by collecting investments from the public in the agricultural tourism sector, but allegedly cheated hundreds of people and fled with the money.

ATCOS was registered under the Multi-State Cooperative Societies Act and operated 13 branches across various districts in Kerala, besides a branch in Coimbatore in Tamil Nadu, officials said.

When investors failed to receive their promised returns or the invested amount, complaints were filed with the police.

Officials said around 54 cases have been registered against the firm in 32 police stations across the state, including 29 cases at the Kalamassery police station alone.

Following instructions from Kochi City Police Commissioner K S Mahesh Kumar, a special investigation team was formed under the supervision of Deputy Commissioner of Police (Law and Order) Shehensha and Thrikkakara ACP Manoj Kumar.

The team traced the accused to an apartment in Amala Nagar in Thrissur, where they had been hiding after secretly renting the flat, officials said.

The bank accounts of the accused have been frozen, and steps have been initiated to trace their assets, officials said.

Police also conducted a raid at the company’s office at Pathadipalam and seized several documents related to the case.

The accused were produced before the Judicial First Class Magistrate Court in Kalamassery, which remanded them to judicial custody and sent them to Kakkanad jail.

Police said they would seek the custody of the accused for further interrogation as the investigation continues.