Binance Executive Tigran Gambaryan Faces Key Court Decision On October 9

This post was originally published on Bitcoinist

A Nigerian court is set to deliver its judgment on October 9 regarding the bail application of Tigran Gambaryan, a senior executive at Binance who has been detained for over six months. 

As head of financial crime compliance at the world’s largest cryptocurrency exchange by trading volume, Gambaryan has faced mounting pressure from US lawmakers who say he is being unfairly detained.

Detention Drama Unfolds In Nigeria

According to a Bloomberg report, during a recent court session in Abuja, Gambaryan’s lawyer, Mark Mordi, argued that his client needs urgent medical attention that the Nigerian prison system cannot provide. Gambaryan has reportedly required surgery since July 18, raising serious concerns about his health. 

In contrast, prosecutor Ekele Iheanacho argued that the executive had received adequate medical care in the prison hospital and at a facility in Abuja reserved for top government officials.

Gambaryan has been held since February and was officially imprisoned in April, facing serious charges, including currency manipulation and money laundering brought forth by Nigeria’s Economic and Financial Crimes Commission. 

Gambaryan’s detention was widely publicized when he and another colleague, Nadeem Anjarwalla, were arrested during a visit to Nigeria to discuss compliance issues with local authorities.

The situation escalated

Read the rest of this post, which was originally published on Bitcoinist.

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