A Nigerian court has granted permission to keep Tigran Gambaryan, CEO of Binance, at a notorious detention center following accusations of money laundering against him. (Reported in recent news)
Gambaryan, detained for nearly two months, would face charges on April 8th. The allegations involved concealing $35.4 million in illegal Nigerian earnings from Binance and a co-conspirator.
After entering a not-guilty plea, the judge ordered that the defendant, Gambaryan, would be held at Nigeria’s Kuje prison until the bail hearing on April 18. In contrast, the defense team sought to keep Gambaryan as their representative in Binance and resisted EFCC’s attempt to take him into custody.
The judge chose to have Gambaryan dressed in the Nigerian prison garb he wore during his trip to the country on Binance’s behalf, using this decision to present it as evidence in the case. This choice brings up concerns about Gambaryan’s residence given Kuje prison’s notorious reputation, which was highlighted by Amnesty International in 2007 due to its gruesome conditions.
With a capacity for just 560 inmates, the prison housed close to 1,000 inmates prior to the incident in July 2022, highlighting the issue of overcrowding and unsanitary conditions.
Gambaryan is currently at the brink of experiencing a harsh truth as his hearing approaches, which means he’ll need to remain in prison until the bail decision is made. If found innocent, the predicament will improve. However, if convicted, the situation could worsen, exposing deeper concerns about the Nigerian prison system and the living conditions for inmates.
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2024-04-09 02:28