A Nigerian court has denied a bail application for Binance executive Tigran Gambaryan, who is charged with money laundering and currency manipulation. The court ruled that Gambaryan’s health condition did not warrant his release. Gambaryan is the head of financial-crime compliance at Binance and has been in custody since February.
His lawyer argued that Gambaryan needs medical treatment for a herniated disk that severely affects his mobility. The Nigerian authorities detained Gambaryan in February, and Binance CEO Richard Teng has used social media to call for his release, accusing Nigerian authorities of demanding a “secret” payment to resolve the matter.
Source: compliance
