Business News

Court Denies Binance Executive Tigran Gambaryan Bail

Tigran Gambaryan Binance

By Adedapo Adesanya Justice Emeka Nwite of the Federal High Court Abuja has refused to grant bail to an Executive of Binance Holdings Limited, Mr Tigran Gambaryan, because he is likely to jump bail. The company and its executive were arraigned on a five-count charge bordering on money laundering before Justice Nwite. The defendants pleaded not guilty to the charge. Moving an application, the counsel to the defendant, Mr Mark Mordi, argued that the court had the power to grant bail to the defendant and impose conditions to ensure his presence in court. But the prosecution counsel, Mr Ekele Iheanacho,