Sunday, June 16, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement

Binance executive slumps in court during ‘money laundering’ case

Binance executive slumps in court during ‘money laundering’ case
May 23
18:00 2024

Drama ensued at a federal high court in Abuja on Thursday when Tigran Gambaryan, Binance’s head of financial crime compliance, slumped in open court.

Gambaryan, who sat way behind in the courtroom, did not proceed to the dock immediately when the matter was called by the registrar.

He later stood to approach the dock when Emeka Nwite, the presiding judge, asked where the 2nd defendant (Gambaryan) was.

The Binance executive was assisted by one of the defence lawyers as he walked towards the dock. He however slumped before he got there.

Advertisement

Gambaryan was later assisted back on his feet and made to sit in the front row.

Explaining what transpired to the judge, Mark Mordi, Gambaryan’s counsel, said his client was ill and a letter had been filed to notify the court of his health status.

“My lord, the case may not certainly proceed today,” the lawyer added.

Advertisement

Gambaryan and Binance are standing trial over money laundering allegations.

On May 17, the court refused to grant bail to Gambaryan because the defendant was likely to “jump bail if granted to him”.

The court refused to grant the bail two months after Nadeem Anjarwalla, the Binance regional manager for Africa, escaped from the custody of the office of the national security adviser (ONSA) in Nigeria.

Anjarwalla was said to have escaped after guards on duty led him to a nearby mosque for prayers during the Ramadan period.

Advertisement

He fled Nigeria and was last reported to be in Kenya, where he was reportedly arrested by the police.

Anjarwalla and Gambaryan were both detained in February.

The defendants are also facing tax evasion charges before the same court.

Advertisement

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Tags

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.