Binance Makes Fresh Appeal for Gambaryan’s Release

A cryptocurrency exchange platform, Binance Holdings Limited on Tuesday made a fresh appeal to the Federal Government for the release of its detained executive, Tigran Gambaryan.

The platform also declared readiness to “settle any alleged past issue” with the Nigerian government just as it did with the governments of Brazil and India where it was recently involved in a legal tussle.

The platform in a series of statements sent to Ripples Nigeria by its spokesperson, said: “A video circulating shows the mistreatment and pain he’s enduring.”

“The judge ordered that Tigran be allowed to use a wheelchair, with the bail hearing continuing on September 4th. We are sharing an official statement from Binance on this matter.”

“We are extremely distressed by the video of Tigran in court yesterday. This video is just a snapshot of Tigran’s current reality. His health is rapidly declining and we are deeply concerned about the long term consequences of this unjust detention.”

“Nigeria does not need to keep Tigran in order for us to settle any alleged past issues. We continue to implore the Government of Nigeria to let Tigran return home and let us continue in our engagements.”

“Our recent resolutions with Brazil and India demonstrate how historical issues can be resolved through constructive dialogue and adherence to legal standards. This is the international standard of doing business.”

Gambaryan was arraigned at the Federal High Court ,Abuja, for alleged money laundering on Monday.

Upon appearance, Gambaryan was denied a wheelchair and had to enter the court on crutches in visible pain and distress.

His lawyers had filed a new bail application on medical grounds.

They also alleged restricted access to the defendant.

But the Economic and Financial Crimes Commission (EFCC) opposed the bail application.