Court denies Binance executive, Gambaryan bail

A Federal High Court sitting in Abuja has denied the bail application of Tigran Gambaryan, an executive of Binance Binance Holdings Limited, a cryptocurrency trading company.

Delivering the ruling on Friday, the presiding judge, Justice Emeka Nwite held that the bail application was rejected after carefully reviewing the document.

Nwite said he resolved that the defendant would jump bail if granted.

Gambaryan, his company, Binance Holdings Limited and a fellow top executive currently on the run, Nadeem Anjarwalla, were charged by the Economic and Financial Crimes Commission, with money laundering and terrorism financing.