A Nigerian Federal High Court has upheld the detention of Tigran Gambaryan, a Binance Holdings Ltd. executive, rejecting his recent bail application on health grounds. The decision, delivered by Justice Emeka Nwite on Friday, maintains Gambaryan’s incarceration despite ongoing concerns regarding his medical condition, as Bloomberg reports.
Binance’s Gambaryan Stays In Jail
Gambaryan, who serves as the head of financial-crime compliance at Binance, has been held at the Kuje Correctional Center in Abuja since February 2024. He faces allegations of money laundering and currency manipulation, charges that have drawn international attention and scrutiny from US lawmakers who argue his detention is unwarranted.
In his ruling, Justice Nwite stated, “A person being ill does not entitle them to leave custody, unless the continuous stay of the detainee possesses a harm to others and quarantine isn’t available.”
Gambaryan’s legal representative, Mark Mordi, had filed the bail application citing his client’s deteriorating health, specifically a herniated disk that impairs his mobility. During the hearing, Gambaryan appeared in a wheelchair, underscoring the severity of his condition. “I am not surprised by this decision,” commented Yuki Gambaryan, his wife, in a statement. “It is completely unjust to deny someone in Tigran’s condition the opportunity to seek appropriate medical help.”
The legal team has further highlighted that Gambaryan suffers from psychiatric conditions, including depression and anxiety, which they assert cannot be adequately treated within the confines of the prison system. Despite these assertions, the Economic and Financial Crimes Commission (EFCC) has contested the bail application, maintaining that Gambaryan’s continued detention is justified based on the nature of the charges.
The confrontation between Nigerian authorities and Binance escalated in February when Gambaryan and his colleague Nadeem Anjarwalla were detained during a visit to Nigeria. An
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Author: Jake Simmons
