Home Human Rights Court Adjourns Binance Money Laundering Trial to June Due to Executive’s Ailment
Human RightsNews

Court Adjourns Binance Money Laundering Trial to June Due to Executive’s Ailment

459
Gambaryan
Tigran Gambaryan, Binance Head of Compliance.

On Thursday, the Federal High Court in Abuja adjourned its money laundering trial against two Binance executives to June 20 due to the ailment of its Head of Financial Crimes Compliance, Tigran Gambaryan.

Gambaryan, a U.S. citizen, and British-Kenyan national Nadeem Anjarwalla, a regional manager for Africa, were charged with tax evasion and money laundering for $35 million. They both pleaded not guilty.

This was due to the Federal Government’s blame on Binance that the U.S. dollar on the cryptocurrency exchange platform was pegged against its Naira, hence the crackdown.

Gambaryan, however, broke down during the trial on Thursday.

According to a letter written by his lawyer to the trial Judge, Emeka Nwite, “Gambaryan is very ill and requires comprehensive medical attention,” he said.

Judge Nwite ruled that Gambaryan should be treated at the hospital requested by his lawyer or any other recommended by prison authorities. He adjourned for the trial to continue on June 20 and 21, 2024.

Meanwhile, with the deterioration of his health status, Gambaryan’s wife, Yuki, fears that his healthy husband might be facing an environment that would bring the strongest to his knees.

Yesterday, despite numerous signs of severe illness, my husband was still required to appear in court, where he later collapsed, Yuki said.

Read more: Niger State: Women Affairs Minister Supports Mass Marriage With Donations And Scholarships

About The Author

Written by
Mayowa Durosinmi

M. Durosinmi is a West Africa Weekly investigative reporter covering Politics, Human Rights, Health, and Security in West Africa and the Sahel Region

Related Articles

national Steering Committee
NewsTechnology

Mali Raises $56M from Telecom Taxes, Channels Bulk Toward Power Supply Upgrades

The Government of Mali has announced that a total of 34 billion...

News

Ghana’s Foreign Minister Debunks “Igbo Kingdom in Ghana” Claim, Calls for Pan-African Solidarity

Ghana’s Minister for Foreign Affairs, Sam Ablakwa has officially debunked viral claims...

News

Burundi’s President Ndayishimiye Appointed as African Union Special Envoy for Sahel Region

The Chairman of the African Union (AU), H.E. João Lourenço, has appointed...

News

Burkina Faso’s August 4 Stadium Reopens After Major Renovation and CAF Reaccreditation

After four years of absence from the international football scene, Burkina Faso...