According to reports, Tigran Gambaryan, who works for Binance, has been held in Nigerian custody since late February. It is said that he will not be released before his bail hearing scheduled for May 17th.
Based on news articles from April 23, Gambaryan is expected to stay in Nigeria’s Kuje prison until a judge’s decision on his bail application, which is scheduled for May 17. The Binance executive went to Nigeria with colleague Nadeem Anjarwalla in February to deal with allegations that the cryptocurrency exchange had manipulated the naira. Nigerian authorities apprehended both Binance executives as the exchange declared it would no longer process naira transactions.
Gambaryan was supposed to appear in court again on the 19th of April after an earlier adjournment. The issue of granting him bail would be discussed on the 22nd. He has denied any involvement in tax evasion and money laundering allegations made by Nigeria’s Economic and Financial Crimes Commission, with his trial set to begin on the 2nd of May.
According to reports, Anjarwalla allegedly managed to leave Nigerian custody in March by utilizing his Kenyan passport as a dual British-Kenyan citizen. However, news from April 22 indicated that Kenya’s law enforcement had taken Anjarwalla into custody and were considering extraditing him back to Nigeria to answer criminal accusations.
Critics have raised concerns that the government’s accusations against Binance and Tigran Gambaryan are baseless. According to Binance, Gambaryan held no authority in making company decisions. On March 30, Yuki Gambaryan, Tigran’s wife, initiated a petition addressed to the U.S. State Department, Nigeria’s Economic and Financial Crimes Commission, the Nigerian authorities, and President Joe Biden, appealing for their intervention to bring Tigran back to the United States. The petition had garnered 3,960 signatures as of April 23.
In a different US court case, Changpeng Zhao, the ex-CEO of Binance, is set to be sentenced on April 30 after admitting guilt for not implementing adequate Anti-Money Laundering measures during his tenure at the exchange. The consequences could include a maximum prison term of 10 years.
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2024-04-24 00:51