Tigran Gambaryan, Binance executive, had his bail plea dismissed by a Federal High Court in Abuja on Friday.
In his verdict, Justice Emeka Nwite stated that the bail application is denied because, after carefully reviewing the application, he concluded that, should bail be granted, the defendant will violate it.
The Economic and Financial Crimes Commission filed charges against Gambaryan, his business Binance Holdings Limited, and another high-ranking executive who is presently fugitive, Nadeem Anjarwalla, for money laundering and supporting terrorism.
More to come…
