A Nigerian court has rejected a bail application for Tigran Gambaryan, a top executive at Binance, who has been detained since February on money laundering and currency manipulation charges. Gambaryan’s poor health was the basis for his bail application, with his lawyer pleading for release to seek medical help for a herniated disk. The executive, a US citizen, arrived at the court in a wheelchair, highlighting the severity of his condition. Despite this, the court ruled that illness does not automatically warrant release unless it harms others or requires quarantine. However, Gambaryan will receive hospital treatment while in detention. Gambaryan’s detention has sparked tensions between Nigeria and Binance. His family maintains his innocence and advocates for proper medical care, expressing concern over his prolonged detention. The case has drawn attention to the complexities of international financial regulations and the challenges faced by global companies operating in Africa. Gambaryan’s continued detention has significant implications for his health and the future of Binance’s operations in the region.
Source: Viewers Corner News