The Federal High Court Abuja, has issued a warrant for the arrest of the Managing Director of Dana Air, Hathiramani Ranesh, who is facing a criminal charge over his alleged complicity in a N1.3billion fraud.
Justice Obiora Egwuatu ordered the defendant’s arrest following his alleged refusal to appear before the court to enter his plea to a six-count charge the Federal Government preferred against him.
Even though the defendant had failed to appear for his trial, he, however, briefed a lawyer, Ademola-Bello, to file a preliminary objection to challenge the competence of the charge against him and the jurisdiction of the court to entertain it.
The defendants among other allegations, was accused of fraudulently diverting the sum N864 million, part of the bond proceeds from Ecobank meant for resuscitation of production at Dana Steel Rolling Factory in Katsina for other unapproved uses.
