Afrigather A Federal Excessive Courtroom in Abuja has issued an arrest warrant for Mr. Hathiramani Ranesh, the Managing Director of Dana Air, as a result of he didn’t present up in court docket to face trial.
The court docket was supposed to listen to a case towards him involving alleged fraud of N1.3 billion.
Justice Obiora Egwuatu determined that it was essential to arrest Ranesh after he missed a number of court docket dates, regardless of being formally notified of the costs towards him.
The decide used his authorized powers underneath the Administration of Legal Justice Act to order the arrest, explaining that Ranesh have to be current in court docket to face his expenses.
The court docket has now set a brand new date for him to seem, which is January 13, 2025.
The request for Ranesh’s arrest was first made on October 10 by the Federal Authorities’s lawyer, Mojisola-Okeya Esho, who argued that Ranesh was avoiding coming to court docket to be arraigned for a fraud case initiated by the Lawyer-Basic of the Federation.
The protection lawyer, B. Ademola-Bello, argued towards this, saying that they had already challenged the court docket’s proper to listen to the case.
The fees towards Mr. Ranesh and two different corporations contain critical accusations. They’re mentioned to have illegally taken and offered 4 industrial mills value over N450 million, which have been speculated to be collateral for a financial institution mortgage.
Different expenses embrace misusing N864 million meant for manufacturing facility upgrades and illegally transferring N60,300,000 into one other firm’s checking account.
These actions are towards the regulation and have strict penalties in Nigeria. The overall cash concerned in all the costs is N1,374,300,000.
The case will proceed on January 13, 2025, when Mr. Ranesh is predicted to be dropped at court docket.
