On Friday, a family representative stated that a Nigerian judge denied bail to Tigran Gambaryan, the head of Binance's financial crime department. "We are deeply disappointed by the court's decision, especially given Tigran's deteriorating health. He has been unlawfully detained for over 220 days," Binance said, adding that the company continues to cooperate with the Nigerian government.
Gambaryan, who has been held in Nigeria since February, was incarcerated in the infamous Kuje prison. In March, his colleague at Binance, Nadeem Anjarwalla, managed to escape from custody. Gambaryan is accused of tax evasion and money laundering, although the tax charges were later dropped.
Gambaryan's lawyers have filed a new bail application, citing his worsening condition.
