Court declines bail request for Binance executive in ‘money laundering’ case

A federal high court in the Federal Capital Territory Abuja has refused to grant bail to Tigran Gambaryan, an executive of Binance Holdings Limited, a cryptocurrency firm.

Presiding judge, Emeka Nwite,, maintained that Gambaryan is likely to “jump bail if granted to him”.

The firm and its executive were arraigned on a five-count charge bordering on money laundering.

The defendants pleaded not guilty to the charge, which they claimed is ludicrous.


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