Binance Executive’s Ordeal in Nigerian Court.
The latest updates on the situation involving Tigran Gambaryan, a Binance executive, in Nigerian court proceedings as of early September 2024 include:
- Health Concerns and Bail Application: Tigran Gambaryan has submitted a new bail application citing medical grounds due to worsening health conditions, which has been opposed by Nigeria’s economic crimes agency. He appeared in court with visible health issues, using a crutch, and there was mention of a need for surgery. The court has been made aware of his health situation, with a judge even ordering prison guards to provide a wheelchair for him during court appearances.
- Court Adjournments: The trial has seen multiple adjournments. Most recently, a hearing was adjourned with the next session for ruling on the bail application set for September 4, 2024. Previously, hearings were scheduled into October, indicating a prolonged legal process.
- Charges and Legal Proceedings: Gambaryan, along with Binance, faces charges including tax evasion and money laundering. Initially, there was confusion over whether Gambaryan could stand trial on behalf of Binance, but a court ruling allowed this. However, subsequent developments saw Gambaryan discharged from one set of charges related to tax evasion, though he remains embroiled in other legal battles.
- Public and International Reaction: There’s been commentary on platforms like X (formerly Twitter) reflecting concern over the treatment of Gambaryan, with some users questioning the fairness of his detention and the conditions he’s subjected to, suggesting international scrutiny or bias against Binance.
This situation reflects ongoing legal challenges for Binance in Nigeria, marked by procedural delays, health concerns for the detained executive, and significant public and possibly international attention.
