Categories: News

Money Laundering: Court Remands Binance Executive In Prison

A Binance executive, Tigran Gambaryan, has been remanded in the Kuje Correctional Centre by a Federal High Court in Abuja pending the determination of his bail application.

While ruling, Justice Emeka Nwite, gave the order after Gambaryan pleaded not guilty to the money laundering charges preferred against him by the Economic and Financial Crimes Commission on Monday.

In its charge filed on March 28, the EFCC accused Binance executives of laundering about $35,400,000.

The judge, however, adjourned the case till April 18 for the ruling on his bail application and May 2 for the commencement of trial.

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