- Following the announcement that tax charges against its executives, Tigran Gambaryan and Nadeem Anjarwalla, in Nigeria had been dismissed, Binance expressed its “relief.”
- Recently, senators in the United States urged President Biden to move quickly to free Gambaryan from domestic detention.
Cryptocurrency trading After learning that Nigerian authorities had withdrawn tax charges against its executives Tigran Gambaryan and Nadeem Anjarwalla, Binance declared that it was “relieved” and that Binance was now the only defendant.
According to a Binance official, the tax allegations were dropped when Nigeria’s Federal Inland Revenue Service (FIRS) served and submitted amended charges today. The two are still facing money laundering charges in the country, along with Binance.
Anjarwalla, Binance’s Africa Regional Manager, and Gambaryan, a former Special Agent for the US IRS and the company’s Head of Financial Compliance, were arrested on February 26 after arriving in Abuja, the capital of Nigeria, on charges that Binance was profiting from illicit transactions there.
On February 28, a $35 million money laundering and tax violation indictment was filed against Binance and the two executives. On March 22, Anjarwalla escaped from captivity, while Gambaryan is still being held.
We are grateful to the FIRS for their professionalism and effort during this process. This clearly shows Binance’s dedication to working with the authorities to find an open and cooperative solution to this problem.
US lawmakers want “immediate action” in favor of Binance’s CEO.
Congressmen from the United States urged President Joe Biden, Secretary of State Antony Blinken, and Special Presidential Envoy for Hostage Affairs Roger Carstens to move quickly to return Binance executive Tigran Gambaryan from detention in Nigeria in a letter they sent last week.
We are concerned for Mr. Gambaryan’s life since his health and wellbeing are in jeopardy. To protect him and save his life, immediate action is required. They wrote, ‘We have to move quickly before it’s too late.
Gambaryan was not present at a court hearing on May 22, and it appeared that neither the court nor the defense side knew where he was or how he was feeling. According to the letter from US congressmen, Gambaryan was present when the court reconvened the following day, but he was hunched down in his chair and collapsed to the floor when called.
The judge mandated that Gambaryan be taken to a private hospital for treatment amid rumors that he had tested positive for malaria. The parliamentarians claimed that the prison had not complied with the court order in its entirety; Nigeria has refuted these claims.
A spokeswoman for Binance said today, “We are hopeful that the Economic and Financial Crimes Commission (EFCC) will take similar steps to allow Tigran to go home to his family,” in reference to the ongoing money laundering charges.
Tigran’s physical state is deteriorating after 110 days in detention; he was just diagnosed with pneumonia and malaria. Binance is committed to continuing working with the Nigerian government to address this.
The spokesman continued by saying that Tigran does not need to be held in order for Binance to resolve disagreements with the Nigerian government because he is not a decision-maker at Binance. We will not release Tigran from this obligation until the court makes its ruling.
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