The Economic and Financial Crimes Commission (EFCC) is pressing Justice Emeka Nwite of the Federal High Court Abuja to deny bail for Tigran Gambaryan, a detained executive at Binance Holdings Limited. Gambaryan, who has been held for over 50 days, seeks bail, arguing against being a flight risk.
Despite Gambaryan’s defense, claiming the lack of evidence for flight risk and denouncing the allegations as hearsay, the EFCC insists on denying bail. They aim to transfer him from Kuje prison to EFCC custody to prevent any potential escape.
The EFCC’s stance comes after a colleague of Gambaryan, Nadeem Anjarwalla, absconded. Gambaryan, along with Anjarwalla and their company, faces charges related to money laundering and terrorism financing. Anjarwalla has already fled, leaving Gambaryan and their firm under scrutiny.
The court has adjourned the matter until May 17 for further deliberation, emphasizing the severity of the allegations against Gambaryan and his associates.
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