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Binance Executive Suffers Health Issues in Court During Money Laundering Trial


Something strange happened in a Nigerian courtroom this week. A Binance executive, Tigran Gambaryan, was involved in two separate trials on the same day.

Interestingly, the executive skipped the tax evasion trial but showed up for a money laundering case.

Keep reading for more details.

Tigran Gambaryan’s Health Crisis Disrupts Proceedings

In a dramatic event, Tigran Gambaryan, a Binance executive currently detained in Nigeria, fainted during a high-stakes trial at the Federal High Court in Abuja.

The courtroom proceedings were about whether the executive broke laws related to foreign money and money laundering.

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However, the main focus shifted because Gambaryan’s health became a major issue during the case.

Local news reported that on May 22, Mark Mordi, Gambaryan’s lawyer, told the court that Gambaryan had been sick. Since the last court date and was still having health problems.

Gambaryan didn’t show up in court earlier that same day for a different case about tax evasion charges brought by the Nigerian Federal Inland Revenue Service (FIRS).

As the money laundering case was called, Gambaryan who was sitting in the back row, failed to respond initially.

Justice Nwite, taking notice of his absence, sought clarification. In response, Gambaryan’s defense lawyer assisted him to the dock.

However, the situation took a concerning turn when Gambaryan suddenly collapsed, requiring immediate assistance from his lawyer to be seated in the front row.

Mordi, the lawyer, explained that Gambaryan was sick and that they had sent a written notice to the court about his condition.

Because of this, Mordi asked to delay the case so Gambaryan could get medical treatment, saying it wouldn’t be fair to continue the trial while he was ill.

The court then set new dates, June 20 and 21, to continue the trial and for further questioning.

Bail Denied: Concerns Over Flight Risk Persist

The courtroom events happened after Judge Nwite refused to let Gambaryan out on bail on May 16.

The judge agreed with the EFCC that Gambaryan might run away if he was released from the Kuje Correctional Centre, where he is being held.

Gambaryan’s legal problems are part of a bigger investigation into Binance’s activities in Nigeria.

Binance has been accused of affecting foreign exchange rates, leading to calls for more control over cryptocurrency trading in the country.

As the trial goes on, it will focus on the charges and the evidence from both sides.

However, Gambaryan’s health issues and the recent courtroom events have made the already important trial even more complicated.

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