January 23, 2025
binance chief

 

Drama unfolded at the Federal High Court in Abuja today as Tigran Gambaryan, a detained executive of Binance, collapsed during his trial proceedings. The scheduled hearing took an unexpected turn when Gambaryan, the second defendant in the case, failed to step forward as the matter was called upon by the court registrar.

Instead, Gambaryan remained seated at the back of the courtroom, prompting concern from the trial judge, Justice Nwite. With assistance from one of his lawyers, Gambaryan attempted to walk towards the dock but collapsed before reaching it. He was subsequently helped to sit in the front row.

His lawyer, Mark Mordi (SAN), informed the court that Gambaryan was indisposed, citing a previously filed application letter to notify the court of his condition. Consequently, Mordi requested that the proceedings be adjourned.

This incident follows Gambaryan’s absence during his arraignment on tax evasion charges filed by the Federal Inland Revenue Service, which resulted in the postponement of the arraignment. Additionally, Gambaryan, along with his colleague Nadeem Anjarwalla (currently evading authorities), and their firm Binance Holdings Limited, face charges of money laundering and terrorism financing brought by the Economic and Financial Crimes Commission (EFCC).

Justice Nwite had previously denied Gambaryan’s bail application, citing concerns of flight risk similar to those attributed to Anjarwalla.

As the trial undergoes further delays, the case highlights the complexities surrounding cryptocurrency exchanges and the legal challenges they face in Nigeria.

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