Cryptocurrency exchange Binance has condemned the Federal High Court’s refusal to grant bail to its employee, Tigran Gambaryan.
In a statement, the crypto exchange labelled the decision unjustified and requested that the charges against Gambaryan be dropped.
Justice Emeka Nwite, delivering the ruling in Abuja on Friday, held that the bail application was refused as he had carefully reviewed the application and determined that Gambaryan would likely jump bail if granted.
The court ruled that Binance could be served with the Federal Inland Revenue Service tax evasion charge through Gambaryan.
Gambaryan’s lawyers objected, stating they needed to review the amended charge to advise him on taking his plea.
The court agreed to adjourn the matter to May 22.
Binance asserted that Gambaryan, who had no decision-making power in the company, was innocent and had dedicated his life to public service and fighting…
