A Federal High Court in Abuja has adjourned the money laundering case against Binance Holdings Limited and its executives, Tigran Gambaryan and Nadeem Anjarwalla, until May 17th for continuation of trial.
During Thursday’s proceedings, defense counsel Tony Krukrubo informed the court that he had not received additional proof of evidence.
The court bailiff reported that attempts to serve Gambaryan the documents at Kuje prison on April 30 were met with refusal, as Gambaryan directed him to serve the documents on Binance’s lawyer instead.
Justice Emeka Nwite ordered that Binance’s counsel be served the documents in court, and the matter was adjourned after service.
Recall that on April 23, the court fixed May 17 to rule on Gambaryan’s bail request. His counsel, Mark Mordi (SAN), argued that Gambaryan has been in custody for over 50 days without family visits, which is challenging for him.
However, prosecution counsel Iheanacho countered that Gambaryan poses a flight risk, having attempted to obtain a new international passport from the US Embassy, and being a dual citizen of the US and Armenia.
Gambaryan, Binance Holdings Limited, and Anjarwalla (currently on the run) were arrested and detained by the Federal Government for alleged involvement in $35 million money laundering.
The defendants are accused of conspiring to conceal the origin of financial proceeds from unlawful activities in Nigeria.
