Binance executive denied bail in Nigeria amid money laundering charges

From Investing.com

October 12, 2024 05:56:03 AM:

Binance’s head of financial crime compliance, Tigran Gambaryan, was denied bail for a second time in Nigeria amid money laundering charges. Gambaryan, an American citizen, has been in detention since February with Binance denying the charges against him. The judge ruled the prison can meet his medical needs, refusing bail based on lack of evidence and pending appeals. Trial adjourned to Oct. 18 after cross-examination of state witnesses. Gambaryan’s wife vows to continue fighting for his release, expressing exhaustion and disappointment. Binance also faces tax evasion charges, which it denies.

Read more at Investing.com: Binance executive denied bail in Nigeria money laundering case By Reuters