Thursday, June 13, 2024
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Court denies Binance executive bail

A Federal High Court Abuja has denied the bail application of a Binance, crypto currency firm executive, Tigran Gambaryan.

Justice Emeka Nwite on Friday, while delivering the ruling held that the bail application is refused as he has carefully gone through the application submitted before him and resolved that the defendant will jump bail if granted.

Gambaryan, his company, Binance Holdings Limited and a fellow top executive currently on the run, Nadeem Anjarwalla, were charged by the Economic and Financial Crimes Commission, with money laundering and terrorism financing .

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