As a seasoned crypto investor with over two decades of experience in the financial industry, I find myself deeply troubled by the plight of Tigran Gambaryan, the Binance executive currently detained in Nigeria. Having personally faced bureaucratic hurdles and legal battles in my own career, I can empathize with the frustration and anguish that Tigran’s family must be feeling.
A representative for Binance’s executive, Tigran Gambaryan, announced on Friday that the judge in Nigeria had rejected his request for bail.
Since February, Gambaryan, who oversees financial crime compliance at a cryptocurrency exchange, has been held in prison in Nigeria. He shares his time in Kuje prison with individuals associated with the terrorist group Boko Haram, following the escape of another Binance employee, Nadeem Anjarwalla, from custody in March.
In addition to Binance, Gambaryan faced accusations for tax evasion and money laundering; however, the tax-related charges against him were eventually dismissed.
The court postponed ruling on bail back in September. Recently, Gambaryan’s legal team submitted a fresh bail application, taking into account his worsening health condition. Mark Mordi, one of the lawyers, informed the court last month that the executive has required surgery since July 18 and is currently unable to receive necessary urgent medical help while in prison, according to Bloomberg’s report.
In the course of his incarceration, Gambaryan has contracted malaria, pneumonia, and tonsillitis, and experiences issues related to a slipped disc in his back that necessitates the use of a wheelchair. However, during his last court appearance, he was not seen using a wheelchair but instead managed with just one crutch, suggesting some degree of difficulty.
As an analyst, I can rephrase the statement as follows:
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2024-10-11 13:15