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Dramatic Courtroom Incident Involving Binance Executive
In a dramatic turn of events, Tigran Gambaryan, a detained executive of cryptocurrency exchange Binance, collapsed in court due to alleged ill health during his ongoing money laundering trial. The incident occurred at the Federal High Court in Abuja shortly after the case was called for continuation before Justice Emeka Nwite.
Details of the Incident
- Gambaryan and Nadeem Anjarwalla face charges of laundering over $35 million and engaging in specialized financial activities without a license.
- Both executives have pleaded not guilty.
- Gambaryan, Binance’s head of financial crimes compliance, collapsed en route to the dock and had to be sat in the front row.
Gambaryan’s health issues have reportedly worsened since February, with the court being informed of his deteriorating health and the need for medical attention. The trial has been adjourned to allow for his medical treatment.
Tax Evasion Charges and Legal Proceedings
The Federal Inland Revenue Service (FIRS) has filed tax evasion charges against Binance Holdings Limited and Gambaryan. Due to his absence, the trial has been adjourned to a later date.
Legal Complications and Procedural Issues
- Gambaryan, held at Kuje Prison, did not appear for his scheduled arraignment, leading to confusion among the lawyers.
- Justice Emeka Nwite had denied Gambaryan’s bail application and deemed him a flight risk.
- Anjarwalla, involved in the case, has not been officially marked as “at large,” raising potential complications in the legal proceedings.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
