Binance Executive Remanded in Kuje Prison Amidst Money Laundering Charges
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Amidst a backdrop of legal proceedings, Tigran Gambaryan, Binance executive finds himself confined to the walls of Kuje Correctional Centre, Abuja. The Federal High Court in Abuja orchestrated this move, deeming it necessary pending the resolution of his bail application. Justice Emeka Nwite’s gavel resounded through the courtroom as Gambaryan voiced his plea of innocence to the money laundering charges leveled against him by the Economic and Financial Crimes Commission (EFCC) this Monday.
The EFCC’s relentless pursuit of justice saw Gambaryan arraigned on a five-count charge alongside the elusive Nadeem Anjarwalla, a co-defendant now at large. The agency’s allegations of money laundering, totaling a staggering $35,400,000, cast a shadow over Binance, Gambaryan, and Anjarwalla, their roles delineated as 1st to 3rd defendants, respectively.
Anjarwalla’s flight from Nigeria following his escape from custody on March 22 further complicated the legal landscape. Despite Gambaryan’s protestations of innocence, the EFCC’s accusations reverberated through the courtroom as binance executive finds Himself confined to the walls of Kuje, leaving a palpable tension in the air.
Legal Battle Unfolds: Binance Executive’s Fate Hangs in Balance as Courtroom Drama Intensifies
The courtroom drama escalated as legal representatives sparred over procedural matters. Mark Mordi, SAN, Gambaryan’s legal counsel, vehemently contested the EFCC’s application, citing procedural irregularities regarding the service of charges to Binance, the listed 1st defendant. Mordi contended that Gambaryan’s arraignment hinged upon proper service to Binance, asserting his client’s distinct role as a non-representative of the cryptocurrency firm in Nigeria.
However, Ekele Iheanacho, representing the EFCC, countered Mordi’s argument with legal precision, invoking Section 478 of the Administration of Criminal Justice Act (ACJA), 2015. He maintained that Gambaryan’s status as a representative of Binance in Nigeria warranted his acceptance of legal service on behalf of the firm. Pointing to Gambaryan’s own statements, Iheanacho bolstered his argument, underscoring the defendant’s acknowledgment of his official capacity within Binance’s Nigerian operations.
In a decisive moment, Justice Nwite weighed the arguments before him and aligned with Iheanacho’s rationale. Gambaryan’s affidavit, affirming his representation of Binance in Nigeria, tilted the scales of justice, prompting the judge to dismiss the preliminary objection and compel the defendant to enter his plea.
As the legal proceedings unfolded, Justice Nwite deferred the decision on Gambaryan’s bail application to April 18, signaling a temporary reprieve amidst the mounting legal tumult. Meanwhile, the court marked May 2, 2024, as the date for the commencement of trial, setting the stage for a protracted legal battle that promises to captivate the nation’s attention.
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This is very sad but then the law has to take it’s course. Regardless investigation should still be going on to ensure proper judgement.
The money this people are steal is big o 😱🤯