Home Business Binance Executive Collapses in Court During Money Laundering Trial
Business

Binance Executive Collapses in Court During Money Laundering Trial

Share
Binance Executive Collapses in Court During Money Laundering Trial | Daily Report Nigeria
FILE PHOTO: Tigran Gambaryan, an executive of Binance, the world's largest cryptocurrency exchange, sits as he waits to face prosecution for tax evasion and money laundering at the federal high court in Abuja, Nigeria April 4, 2024. REUTERS/ Abraham Achirga/File Photo
Share

The Binance executive, Tigran Gambaryan, collapsed during his money laundering trial at the Federal High Court in Abuja on Thursday.

His trial had already faced delays, and Gambaryan’s collapse led to further stalling of the trial.

It began with Gambaryan failing to step forward when his name was called, prompting Justice Nwite to inquire about his whereabouts.

READ ALSO: My Husband Sits in Notorious Kuje Prison – Detained Binance Executive’s Wife to US Court

A lawyer assisted Gambaryan to the dock, but he slumped and was seated in the front row.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

Gambaryan’s lawyer, Mark Mordi, attributed his client’s collapse to his worsening health as he completes his eighth week of incarceration in the African nation’s prison system.

Mordi then filed a written application to notify the court. The trial was adjourned till June 20 and 21 for cross-examination and trial.

Gambaryan faces charges of tax evasion, money laundering and terrorism financing alongside his colleague Nadeem Anjarwalla and their firm Binance Holdings Limited.

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Nigeria’s Crude Oil Production Increases to 1.41mbpd
Business

Crude Oil Price Crash Threatens Revenue, Naira Stability

Brent crude prices have plummeted to $59.25 per barrel, threatening Nigeria’s economy....

Power Minister Urges Cost-Reflective Tariffs Amidst N4 Trillion Debt Crisis | Daily Report Nigeria
Business

Power Minister Urges Cost-Reflective Tariffs Amidst N4 Trillion Debt Crisis

Minister of Power, Adebayo Adelabu, says the economy can no longer sustain...

World Bank Approves Fresh $700m Loan for Nigeria
Business

Nigeria’s Poverty Crisis: 75.5% of Rural Population Lives Below Poverty Line

The World Bank reports that 75.5% of rural Nigerians live below the...

CBN Reacts to Naira Devaluation
Business

Nigeria’s external reserves grew by 5.6% to $38.8bn in 2024 — CBN

Nigeria’s external reserves grew by 5.6% to $38.8 billion in 2024, driven...