The money laundering trial against Binance and two executives in Nigeria has been adjourned until July 5, following the cross-examination of a witness from the country’s Securities and Exchange Commission on Monday. Tigran Gambaryan, head of financial crime compliance at the crypto exchange, is being held in detention and his health is deteriorating despite multiple court orders requesting medical records.
Gambaryan’s family spokesperson expressed concern about his health, stating that he has experienced numbness in his foot and back pain, as well as suffering from double pneumonia and malaria while in prison. Justice Emeka Nwite has ordered that the medical reports be provided to Gambaryan’s lawyers by Friday. Meanwhile, another executive who also faces charges has escaped custody.
Gambaryan’s wife, Yuki Gambaryan, has called for his release emphasizing that he was not a decision-maker at Binance and should not be detained. U.S members of Congress visited Gambaryan and have pushed for further action to be taken by the U.S government. In addition to this case, Binance is also facing a separate tax evasion case with the trial adjourned until July 12 after charges against Gambaryan and Anjarwalla were dropped. Binance declined to comment on the situation and inquiries were made to the Nigeria SEC and Economic and Financial Crimes Commission for further information.
