Binance Executive’s Desperate Plea: Health Concerns Spark Bail Bid in Nigerian Detention
Binance Executive Arrested in Nigeria Seeks Bail for Health Reasons
Tigran Gambaryan, a Binance executive detained in Nigeria since February, has filed a new bail application on September 2, citing health concerns. However, a lawyer for the country’s economic crimes authority has opposed the application.
Gambaryan, a U.S. citizen and Binance’s regional manager for Africa, along with British-Kenyan Nadeem Anjarwalla, are accused of laundering over $35 million. Binance, the world’s largest cryptocurrency exchange, also faces separate tax evasion charges.
Lawyer Mark Mordi filed the new bail application at a high court in Abuja, Nigeria’s capital, due to Gambaryan’s deteriorating health condition while in custody. Gambaryan, who heads Binance’s financial crimes compliance, has been experiencing a range of health issues.
Gambaryan suffers from a herniated disc, neck and back pain, and has contracted malaria and pneumonia. He appeared in court on crutches, stating that prison officials had not allowed him to use a wheelchair.
However, lawyers for the Economic and Financial Crimes Commission argued that Gambaryan’s health is not as poor as claimed, as he has been suffering from a hernia for over 10 years.
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