Justice Emeka Nwite of the Federal High Court of Abuja has rejected the second bail application by the ailing Binance executive, Tigram Gambaryan. The bail request was on the grounds of the failing health condition of the American citizen. Gambaryan had voiced complaints about a significant decline in his health status amid the court trial relating to money laundering and naira manipulation.
However, on October 11, the judge denied his request stating that his bail application constituted an abuse of the court process according to a report from a local news media, Nairametrics. The judge noted that Gambaryan still has a pending appeal challenging the denial of the first bail application. Moreover, the new bail application did not present any fresh arguments about the medical care assigned to him in the country.
Advertisement
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.