The Economic and Financial Crimes Commission (EFCC) have urged Justice Emeka Nwite of the Federal High Court Abuja to deny the bail application of the Binance Holdings Limited executive, Tigran Gambaryan.

The prosecuting counsel for the EFCC, Emeka Iheanacho, told the court that the anti-graft agency uncovered an alleged plot by Gambaryan to obtain a new passport to facilitate his escape from Nigeria.

The EFCC said it is too risky to admit Gambaryan r to bail, noting the escape of his co-defendant, Nadeem Anjarwalla.

Gambaryan, his fleeing colleague, Anjarwalla, and Binance Holdings Limited are being prosecuted by the EFCC on money laundering charges.