Binance expresses disappointment over Gambaryan bail denial - Ripples Nigeria
Connect with us

News

Binance expresses disappointment over Gambaryan bail denial

Published

on

Leading cryptocurrency platform, Binance Holding Limited has expressed its disappointment over the refusal of the Federal High Court, Abuja to grant detained executive Tigran Gambaryan bail.

The crypto company lamented the continued detention of Gambaryan whom the company saids has no decision-making power in the company.

According to a statement by a spokesperson for Binance obtained by Ripples Nigeria, Gambaryan has been dedicated to public service and fighting crime for most of his life.

The company held that the charges against him are completely meritless while calling for his release while discussions continue between Binance and Nigerian government officials.

Ripples Nigeria reports that Justice Emeka Nwite of the Federal High Court Abuja on Friday refused to grant bail to Gambaryan.

The judge cited the likelihood to jump bail as reason for the bail denial.

READ ALSO: Court denies bail for Binance Executive in money laundering case

Rather, the court ordered that the trial be given an accelerated hearing.

Reacting, a Binance spokesperson stated “We are deeply disappointed that Tigran Gambaryan, who has no decision-making power in the company, continues to be detained.

“Tigran has been dedicated to public service and fighting crime for most of his life. These charges against him are completely meritless.

“He should be freed while discussions continue between Binance and Nigerian government officials” the Binance spokesperson stated.

By Babajide Okeowo

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Exit mobile version