Binance exec denied bail in Nigeria money laundering trial
Head prosecutor Ekele Iheanacho objected to bail by highlighting Gambaryan’s questionable attempt to get a new passport, allegedly due to a stolen previous one.
Tigran Gambaryan, a Binance executive detained in Nigeria since February, has reportedly been denied bail by a Nigerian court in a money laundering trial.
According to a local media report, Judge Emeka Nwite denied the bail application, stating that he believed Gambaryan posed a flight risk and would likely flee if released on bail.
Gambaryan, Binance Holdings and another senior executive, Nadeem Anjarwalla — who is currently at large — face charges from the Economic and Financial Crimes Commission (EFCC) related to money laundering and the financing of terrorism.
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Author: Amaka Nwaokocha
