The money laundering trial against Binance and two of its executives in Nigeria has been postponed until June 20 due to the health condition of Gambaryan, rendering him unfit to participate in the trial, the media reported on Thursday.
"[Gambaryan is] very ill and requires comprehensive medical attention," his lawyer reportedly said in a letter to trial judge Emeka Nwite. "The applicant broke down yesterday, and the medical facility gave him intravenous treatment for malaria."
The judge determined that Gambaryan must get medical care at the facility specified by his lawyer or any other hospital suggested by prison officials. The trial was deferred and will resume on June 20 and 21, according to reports.
Gambaryan, who is also being charged with four counts of tax evasion, along with Binance and Anjarwalla, reportedly failed to appear in court on Wednesday for the trial.
Last week, the court denied Gambaryan bail, stating that he was likely to flee the country.
Aside from the claims of money laundering, the Economic and Financial Crimes Commission has also brought a second case against Binance, claiming that it operated without proper registration to process remittances in Nigeria, thereby committing tax evasion.
Moreover, according to local media, director at the Security and Exchange Commission Abdulkadir Abbas earlier told the court that Binance used its Naira peer-to-peer virtual feature to "adversely affect the official exchange rate."