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Writer's picturemeowdini
May 212 min read

Binance Executive Denied Bail in Nigerian Court Amid Money Laundering Charges


In a startling development, Tigran Gambaryan, Binance’s Head of Compliance, has been denied bail by a Nigerian court. Gambaryan has been detained since February on charges of money laundering and tax evasion, a situation that has sparked significant concern within the cryptocurrency community. As the legal battle unfolds, the world watches closely, especially as Gambaryan's family and legal team continue to fight for his release.



Key Points:

  • Tigran Gambaryan Detained: Binance’s Head of Compliance has been in custody in Nigeria since February on charges of money laundering and tax evasion.

  • Bail Denied: The court denied Gambaryan's bail application, fearing he might flee before trial.

  • Legal Objections: Gambaryan’s lawyers requested more time to review the amended charges before advising their client.

  • Family Reaction: On his 40th birthday, Gambaryan’s wife expressed disbelief and hope for justice.

  • Prosecution's First Witness: The trial began with testimony from Abdulkadir Abbas of the Nigerian SEC.

  • Next Steps: The arraignment is scheduled for May 22, with the trial resuming on May 23



The denial of bail for Tigran Gambaryan marks a critical juncture in this high-stakes legal drama. With the arraignment and trial dates set for later this month, the coming weeks will be crucial for Gambaryan, Binance, and the broader cryptocurrency community. As discussions between Binance and Nigerian officials continue, all eyes are on the upcoming court proceedings and the pursuit of justice.



Disclaimer

The information provided in this article is based on current events and legal proceedings as reported. It is intended for informational purposes only and should not be construed as legal advice. The situation may evolve, and readers are encouraged to follow updates from reliable sources.


Source: Binance


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