Nigerian Court Denies Bail to Binance Compliance Officer
CryptoNewsTerminal Staff17 May, 2024
Nigerian Court Denies Bail to Binance Compliance Officer
Nigerian Court's Decision: No Bail for Binance's Compliance Officer A Nigerian court has denied bail to Tigran Gambaryan, Binance's head of compliance for financial crime, who is currently in custody in the country, citing the previous case of Nadeem Anjarwalla, Binance's former Africa regional manager, jumping bail in Nigeria. Binance's Compliance Head's Fate: Behind Bars Gambaryan's application for bail was rejected by the court, expressing concerns about his potential to flee the country. The court's decision was based on Anjarwalla's past actions, who allegedly absconded while facing criminal charges in Nigeria. The court's decision highlights the seriousness with which Nigerian authorities are treating financial crime and their commitment to upholding the rule of law. It also serves as a warning to other cryptocurrency companies operating in the country to adhere to regulations and cooperate with law enforcement. The case against Gambaryan and Binance is ongoing, and it remains to be seen how the situation will unfold. However, the court's decision sends a clear message that non-compliance and evasion of justice will not be tolerated.
