The Nigeria Government has dropped all charges against Binance executive Tigran Gambaryan after controversies peaked over the case. The Nigerian authority has denied bail to Gambaryan despite requests from his lawyers citing his deteriorating health conditions. However, this latest development has caught the eyes of the market participants, with many lauding the decision.
Nigeria Drops Charges Against Binance Exec Tigran Gambaryan
The detention of Tigran Gambaryan by the Nigerian government has sparked widespread discussions in the international market, let alone the crypto sector. Notably, the executive at Binance Holdings was detained in Nigeria on allegations of money laundering linked to $34.4 million.
The trial had drawn international attention, especially as Gambaryan’s health deteriorated while he remained in custody. Despite pleas from his lawyers citing his declining health, the Nigerian court repeatedly denied his bail, viewing him as a potential flight risk.
However, the case took a sharp turn when the Nigerian government suddenly dropped all charges against Gambaryan in a discreet court session. According to a statement made during the hearing, Gambaryan was merely an employee of Binance and not responsible for the company’s overall financial decisions, Premium Times reported.
The post Breaking: Nigeria Drops All Charges Against Binance Exec Tigran Gambaryan appeared first on CoinGape.
