Bitrabo Editorial
During a court hearing at the Federal High Court in Abuja, Nigeria, Tigran Gambaryan, an executive from Binance, collapsed, adding a new layer of complexity to the legal battle surrounding money laundering charges against him.
Unexpected Event Unfolds During Binance Executive’s Trial
As the trial was set to continue, Gambaryan’s health episode caused a delay when he had trouble moving to the dock as requested by the court registrar. His lawyer assisted him, but Gambaryan fell and had to be seated in the front-row due to his condition.
Gambaryan’s attorney informed the court that his client was unwell and unable to proceed with the trial that day. Despite a denied bail application earlier, Gambaryan remains in custody at the Kuje Correctional Centre.
New Trial Date Scheduled for June
The legal issues involving Binance in Nigeria are part of a wider crackdown by authorities on the cryptocurrency platform, accusing it of facilitating illicit fund transfers and engaging in tax evasion and money laundering.
Gambaryan, along with Nadeem Anjarwalla, Binance’s former regional manager for Africa, faced charges. Anjarwalla managed to escape custody but was later arrested in Kenya. The trial will resume on June 20 and 21.
Binance Coin (BNB) is currently trading at $597, experiencing a 4% decrease in the last 24 hours along with Bitcoin (BTC) and Ethereum (ETH). BNB recently reached $632 but did not surpass its yearly or all-time highs.
Information source: Shutterstock, chart data from TradingView.com