In a recent update, the Nigeria Court dismissed the bail plea of Binance Executive Tigran Gambaryan on Friday, sparking market discussions. Notably, the executive has sought bail on his deteriorating health condition amid trials on allegations of money laundering and currency manipulation in the country. However, the court has instructed to refer him to the hospital for his treatment.
Nigeria Court Denies Binance Exec Tigran Gambaryan’s Bail Request
Binance exec Tigran Gambaryan has been detained in Nigeria since February this year, which has gained notable attention globally. Notably, his detention follows allegations of money laundering and currency manipulation involving the top crypto exchange.
Besides, tax evasion charges were also included in the initial phase, which was later dropped. However, amid this, the executive remains in one of the notorious custody, Kuje prison, where terrorist organization members like Boko Haram are also imprisoned.
Meanwhile, he has requested bail referring to his deteriorating health condition, which has been denied by the Nigeria court today, Bloomberg reported. However, the court ordered the prison to refer him to a hospital for treatment.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
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