Court denies Binance executive, Gambaryan’s bail application

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A Federal high court Abuja, on Friday denied the bail application of a crypto currency firm executive, Tigran Gambaryan.

Justice Emeka Nwite, while delivering the ruling held that the bail application is refused as he has carefully gone through the application submitted before him and resolved that the defendant will jump bail if granted.

Akelicious reports that Gambaryan, his company, Binance Holdings Limited and a fellow top executive currently on the run, Nadeem Anjarwalla, were charged by the Economic and Financial Crimes Commission, with money laundering and terrorism financing .

The judge added that with all the evidence before him, the defendant, of granted bail will escaped adding that, he was around when the first defendant eloped from the country.

Justice Nwite therefore denied the bail application.

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