A Nigerian court explained that Tigran Gambaryan was likely to flee the country.
“The fact that the passport of the defendant is with the complainant does not guarantee that he will remain in Nigeria because the defendant is not only an American citizen but also an Armenian citizen by birth,” local reports quoted the judge as saying.
Gambaryan was arrested on February 28 for allegedly laundering $34,400,000 through the Binance platform. He, however, pleaded not guilty.
Aside from the claims of money laundering, the Economic and Financial Crimes Commission has also brought a second case against Binance, claiming that it operated without proper registration to process remittances in Nigeria, thereby committing tax evasion.