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Binance exec Tigran Gambaryan denied bail again in Nigerian court
Headline, "Binance exec" Tigran Gambarian denied bail again in Nigerian court, published at 11.49 AM UTC, October 11, 2024, on Protost.com. Binance executive Tigran Gambarian has been denied bail in Nigeria while facing money laundering charges on the grounds that an appeal to his first bail denial is still pending. A federal high court in Abuja rejected Gambarian's bail application on Friday. Justice Emick and White maintained that Gambarian's health has not deteriorated further since that first bail denial and that he is receiving appropriate health care while in detainment. Since Gambarian's appeal remains open, his lawyer has no legal ground to request bail again. On this leg alone, this bail application is bound to fail, and White said via nyrometrics. This is the second day in a row that Gambarian was in court requesting bail. Yesterday, his court hearing was postponed due to and White blowing him off for a seminar at the National Judicial Institute. Binance's former head of financial compliance says he has faced significant health problems while held in Koojay Prison, also home to members of Boko Haram. Gambarian has had malaria, pneumonia, tonsillitis, and a herniated disc, coin desk reports. However, state prosecutors say that he has exaggerated his illness and refused medical treatment. The 39-year-old was arrested in February alongside fellow Binance exec Nadim Anjarwala, the former regional manager of Africa. However, Anjarwala managed to escape while the pair were being escorted to a mosque. This recording was AI-generated. Get more crypto news at protos.com.