Binance Executive, Tigran Gambaryan, Pleads Not Guilty to Money Laundering Charges in Nigeria
Summary:
Tigran Gambaryan, a Binance executive, has pleaded not guilty to four counts of money laundering in a Nigerian court. Despite his lawyer arguing that he cannot be held responsible for Binance's operations in Nigeria, Judge Emeka Nwite upheld that he had served as Binance's representative in past visits. This case remains ongoing.
Tigran Gambaryan, an executive from Binance who is currently detained, has declared his innocence against the four allegations of money laundering he faces in Nigeria, as local media cites. Gambaryan was arrested in Nigeria at the end of February and emphatically denied all charges in a court session held on April 8, as per reports from the local news organization, Peoples Gazette. He argued in court that he cannot be held liable for any of Binance's actions in Nigeria as he lacks the authority to make decisions concerning the company's operations. Chukwuka Ikuazom, his lawyer, also argued that Gambaryan, despite facing charges for a colleague who evaded prosecution, could not plead on his behalf. Judge Emeka Nwite dismissed Gambaryan’s claims and maintained that he had acted as a representative for Binance on his past visits to Nigeria, basing his ruling on local laws. The Judge pointed out that by law, a person, if not physically present in Nigeria but represented by a physical agent, can be legally served through that agent. This story is ongoing and updates will be given accordingly as new information surfaces.
Published At
4/8/2024 3:30:02 PM
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