Home Judiciary & CrimeAlleged money laundering: Court denies Binance executive’s medical bail application

Alleged money laundering: Court denies Binance executive’s medical bail application

by Tobi Benson
0 comments

JUSTICE Emeka Nwite of the Federal High Court in Abuja has denied the latest bail application of Tigran Gambaryan, an executive of Binance Holdings, who is currently in detention.

In his ruling on the medical bail request, Justice Nwite dismissed the application, highlighting that Gambaryan’s health is already being managed by reputable Nigerian medical professionals.

However, the judge instructed the Nigerian Correctional Service to transfer Gambaryan to a qualified hospital in Abuja for medical treatment under secure supervision for a period of three days to two weeks.

The case was then adjourned to October 18, November 22, and 25, for further trial.

Mark Mordi, Gambaryan’s lawyer, had earlier argued that his client’s health was in a critical state, requiring surgery for a herniated disc and psychiatric care for depression and anxiety.

He requested a six-week bail to allow Gambaryan to seek proper medical treatment outside of prison, citing inadequate medical care in detention.

The EFCC lawyer, Ekele Iheanacho, opposed the defense’s claims, arguing that Gambaryan’s health condition had been exaggerated.

He stated that the defendant could receive treatment while in custody at Kuje Correctional Facility, asserting that his condition did not warrant bail.

Iheanacho pointed out that Gambaryan had been treated at several top medical facilities, including the State House Clinic and Nizamiye Hospital, and that a medical report from the State House Clinic showed he had refused medication and treatment.

Additionally, reports from Nizamiye Hospital indicated that Gambaryan had received comprehensive care without any signs of health deterioration.

He further argued that Gambaryan’s health could be adequately managed by the Nigerian Correctional Service, emphasizing that experts had been involved in his care and that no serious illness had been identified.

He also mentioned that complaints had been sent to the National Security Adviser.

Gambaryan is currently facing charges of money laundering amounting to $35.4 million, brought against him by the Economic and Financial Crimes Commission.

You may also like

Naija Times