The Nation Newspaper Alleged money laundering: Court sends Binance executive Gambaryan to Abuja prison
Justice Emeka Nwite gave the order yesterday after Gambaryan was arraigned and he pleaded not guilty to the five-count money laundering charge filed against him and two others.
Mordi prayed the court to hear the bail application or remand Gambaryan in the custody of the EFCC pending the determination of the bail application. The lawyer argued that his client did not qualify as an agent of Binance in Nigeria who could accept service of the charge on behalf of the company.But Iheanacho faulted Mordi, arguing that the prosecution had done the needful under the law by serving Binance through the second defendant who is the only known physical representative of the firm in Nigeria.
The judge averred that from Gambaryan’s affidavit attached to his bail application, he stated that he was representing Binance in Nigeria. He averred that part of the deposition in an affidavit filed by the second defendant claimed, among others, that Gambaryan and Anjarwalla “visited Nigeria for the purpose of attending a meeting with Nigerian government officials on behalf of Binance”.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UPDATED: Court sends Binance official Gambaryan to prisonThe Nation Newspaper UPDATED: Court sends Binance official Gambaryan to prison
Read more »
Court remands Binance executive Gambaryan in Kuje Correctional CentreA Federal High Court in Abuja has remanded a Binance executive, Tigran Gambaryan, in Kuje Correctional Centre, pending the determination of his bail application.
Read more »
Don’t hold Gambaryan responsible for our operations, Binance urges Fed GovtThe Nation Newspaper Don’t hold Gambaryan responsible for our operations, Binance urges Fed Govt
Read more »
Wife of detained Binance executive cries out, seeks US interventionAmid the continued faceoff between the Nigerian Government and Binance, Mrs Yuki Gambaryan, the wife of Tigran Gambaryan, the detained Binance executive, has lamented her husband's continued detention in Nigeria.
Read more »
Alleged Money Laundering: Court sends Binance executive to Abuja prisonThe court ordered the remand of the Binance top executive after his arraignment on money laundering charges and postponing the hearing of his bail application for 11 days.
Read more »
Alleged Terrorism Financing: Court orders Binance to release data to EFCCThe interim order was granted to enable the anti-graft agency unravel the alleged money laundering and terrorism financing on Binance.
Read more »