By 
By Tayo ABIOLA
A top official of Binance Holdings Limited, Tigran Gambaryan, has been ordered to be remanded in Kuje prison.
Trial Justice Emeka Nwite of the Federal High Court sitting in Abuja, on Monday, remanded the defendant after he pleaded not guilty to a money laundering charge preferred against him by the Economic and Financial Crimes Commission, EFCC.
The court held that he should remain in prison till April 18, when his bail application will be determined, even as it slated May 2 for the commencement of hearing on the substantive charge against him.
The Federal Government had arrested and detained Gambaryan and his colleague, Nadeem Anjarwalla, over alleged involvement of their firm, Binance Holdings Limited, in money laundering and terrorism financing.
However, Anjarwalla, the Africa Regional Manager of Binance, escaped from custody and fled the country, with the government initiating the process to arrest and extradite him back for trial.
Despite the development, both the EFCC and the Federal Inland Revenue Service, FIRS, slammed separate criminal charges against the duo and the company.
The anti-graft agency is prosecuting the defendants over their alleged complicity in money laundering while the FIRS accused them of engaging in tax fraud.
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