Federal High Court Discharges Binance Executive Tigran Gambaryan on Health Grounds

The Federal High Court in Abuja has officially discharged Tigran Gambaryan, a senior executive at Binance, from money laundering charges brought against him by the Economic and Financial Crimes Commission (EFCC). 

This ruling, delivered by Justice Emeka Nwite on Wednesday, was primarily based on health issues that were supported by the EFCC itself.

Tigran Gambaryan of Binance, who had been in detention since April 2024, faced allegations relating to money laundering tied to cryptocurrency transactions.

His legal representatives presented evidence that his health had severely deteriorated during his time in custody, requiring immediate medical attention that was unavailable in the correctional facility.

Initially, the EFCC opposed Gambaryan’s bail application, claiming that his health issues were exaggerated. However, new medical reports submitted during the hearings revealed that his condition was indeed critical and could not be properly managed while incarcerated.

In his ruling, Justice Nwite noted the importance of ensuring that Gambaryan receives appropriate medical care, stating that the medical documentation clearly showed the need for specialized treatment. 

Consequently, the court ordered that he be transferred to a standard hospital in Abuja for a period of two to three days for urgent medical care.

More details later…

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