Binance executive faints in Nigerian court during trial
Tigran Gambaryan, a Binance executive based in Nigeria, said: He fainted while on trial at the Federal High Court in Abuja.
The Nigerian Economic and Financial Crimes Commission (EFCC) He was charged with violating foreign exchange laws and money laundering.
According to local reports, on May 22, Gambarian’s lawyer Mark Mordi said his client I have had health problems since my last court hearing.
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Gambarian on the same day He did not attend a separate trial on tax evasion charges. Document submitted by the Federal Inland Revenue Service (FIRS) of Nigeria. But he I attended a money laundering trial.
During the trial, when the court registrar presented the case, Gambarian did not answer but sat in the back row. Observing his absence, Justice Emeka Nwite asked for an explanation. Gambarian The defense attorney helped him forward.
suddenly, Gambaryan fainted and, with the help of his lawyer, was given a front row seat. Mordi explained to the court that his client was unwell. Written notification regarding his condition has been submitted.
Mordi requested: Adjourn court for treatment. Accordingly, the court The cross-examination and trial schedule was changed to June 20th and 21st.
Judge on May 16th Gambarian’s bail application was rejected. He cited concerns from the EFCC that he may flee if released from Guje Correctional Center.
he is Detained in Guje since April 2024 After pleading not guilty to money laundering charges. Gambarian’s wife, Yuki, reportedly reacted to his transfer to the facility as follows:
It breaks my heart that my innocent husband is being sent to a prison where known terrorists and murderers are housed. It is completely unacceptable that they are treating a completely innocent man this way.
Last March, FIRS Legal action has been taken against Binance and its management. Gambaryan and Nadeem Anjarwalla are accused of tax evasion. The charges included failing to register with FIRS, failing to pay company income tax, failing to pay VAT and facilitating tax evasion.
Nigerian authorities Cryptocurrency exchanges have been accused of manipulating exchange rates. Stricter regulation of cryptocurrency trading platforms is required.
March 5, Binance announced that it will suspend all Nigerian Naira trading. Effectively withdrawing from the market.
Binance CEO Richard Teng recently claimed at a conference in early 2024: Nigerian officials attempted to: Organize a secret cryptocurrency settlement to resolve the allegations.
Overall, these legal battles highlight the growing scrutiny of cryptocurrency exchanges and their operations.
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