Binance Executive Denied Bail in Money Laundering Case
The court denies the Binance executive's request for bail in the “money laundering” case.
An official of the cryptocurrency company Binance Holdings Limited, Tigran Gambaryan, has been denied bail by a federal high court in Abuja.
The presiding judge, Emeka Nwite, declared that Gambaryan would probably “jump bail if granted to him.”
The business and one of its executives were charged with five counts that included allegations of money laundering.
To the charge, the defendants entered a not guilty plea.
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