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Binance Money Laundering Case Postponed to June 20 Due to Executive Illness


It was stated that Binance‘s head of financial crime compliance, Tigran Gambaryan, has a serious illness.

The money laundering case filed against Binance, which was planned to take place in Nigeria on Thursday, was postponed to June 20 due to one of the executives being ill. Tigran Gambaryan, Binance’s head of financial crime compliance, is seriously ill and needs medical care, his lawyers announced.

On Thursday, a court in Nigeria postponed the money laundering case filed against Binance and two of its executives until June 20, on the grounds that one of the executives was ill. Tigran Gambaryan, a US citizen, is being tried along with both himself and his employer on charges of tax evasion and money laundering, a family spokesperson told CoinDesk. According to Reuters, Gambaryan’s lawyer stated that Gambaryan “is very ill and needs extensive medical care.”

After Gambaryan collapsed in court on Thursday, a medical facility administered him intravenous treatment for malaria, his lawyer added in his letter.

Gambaryan, who turned 40 in prison last week, was transferred to Kuje prison, where members of the Boko Haram terrorist organization are also located, after his arrest by Nigerian authorities in February. At the same time, British-Kenyan Nadeem Anjarwalla, regional manager for Africa, was also arrested but later escaped and was implicated in money laundering charges.

“Tomorrow, despite symptoms of serious illness, my wife had to appear in court and later fainted,” Gambaryan’s wife, Yuki Gambaryan, said in a statement. “The conditions in the infamous Kuje prison are simply devastating. My wife is a strong, healthy person, but there she faces an environment that can bring even the strongest people to their knees.”

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Gambaryan was supposed to appear at his hearing on tax evasion charges on Wednesday, but that hearing was also postponed until June 14. He did not attend that session, Reuters reported.

Last week, Gambaryan was denied bail due to his flight risk.

“Once again, I call for the immediate release of my wife,” Gambaryan’s wife said. “This criminal punishment against Tigran has gone on long enough as part of an effort to target his employer. My wife is sick; she needs help. Please, show some humanity.”

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