The Federal High Court in Abuja, yesterday , remanded an executive of Binance Holdings Limited, Tigran Gambaryan, in the Kuje Correctional Centre pending the determination of his bail application.
Justice Emeka Nwite gave the order after he pleaded not guilty to the money laundering charges preferred against him by the EFCC on Monday.
The EFCC had accused Binance, Gambaryan, and his fleeing colleague, Nadeem Anjarwalla, of concealing the source of the $35,400, 000 generated as revenue by Binance in Nigeria knowing that the funds constituted proceeds of unlawful activity.
Binance Holdings Limited and Tigran Gambaryan’s arraignment was stalled on April 4 following an objection from Gambaryan’s counsel, Mark Mordi (SAN).
Mordi had insisted that his client could not be arraigned following the failure of the EFCC to perfect the service of the charge sheet on Binance Holdings Limited.
However, counsel for the EFCC, E.E. Iheanacho, noted that the second defendant was a representative of Binance in the country, adding that the charge was served on him on behalf of the company, but it was rejected.
