Court ruling and official court documents

Nigerian Court Denies Bail for Binance Executive in $35 Million Money Laundering Trial on 40th Birthday

May 17, 2024, 01:29 PM

A Nigerian court has denied bail for Binance executive Tigran Gambaryan, who is facing charges of money laundering and tax evasion. The court cited Gambaryan as a flight risk due to passport issues. The trial, which involves $35 million in alleged money laundering, has commenced. Additionally, the court ruled that Binance could be served its tax evasion charges through Gambaryan. The ruling came on Gambaryan's 40th birthday.