A Federal Excessive Court in Abuja has issued an arrest warrant for Mr. Hathiramani Ranesh, the Managing Director of Dana Air, because he did no longer indicate up in court docket to face trial.
The court docket was speculated to hear a case against him involving alleged fraud of N1.3 billion.
Justice Obiora Egwuatu made up our minds that it was mandatory to arrest Ranesh after he skipped over several court docket dates, with out reference to being officially notified of the charges against him.
The resolve extinct his valid powers below the Administration of Criminal Justice Act to notify the arrest, explaining that Ranesh should be existing in court docket to face his charges.
The court docket has now dwelling a novel date for him to seem, which is January 13, 2025.
The set apart a question to for Ranesh’s arrest was first made on October 10 by the Federal Authorities’s felony expert, Mojisola-Okeya Esho, who argued that Ranesh was avoiding coming to court docket to be arraigned for a fraud case initiated by the Licensed expert-General of the Federation.
The protection felony expert, B. Ademola-Bello, argued against this, saying they’d already challenged the court docket’s valid to hear the case.
The costs against Mr. Ranesh and two diversified corporations involve crucial accusations. They’re acknowledged to contain illegally taken and supplied four industrial turbines worth over N450 million, that contain been speculated to be collateral for a financial institution loan.
Other charges include misusing N864 million supposed for manufacturing facility upgrades and illegally moving N60,300,000 into one other company’s checking fable.
These actions are against the regulations and contain strict penalties in Nigeria. The total money involved in the total charges is N1,374,300,000.
The case will continue on January 13, 2025, when Mr. Ranesh is anticipated to be delivered to court docket.
