Nigeria adjourns Binance exec’s legal case until April 19

Tigran Gambaryan, an executive for cryptocurrency exchange Binance who is facing tax evasion charges in Nigeria, will have his case adjourned until April 19. Gambaryan, along with another Binance executive, Nadeem Anjarwalla, came to Nigeria in February amidst allegations that the exchange manipulated the country’s fiat currency, the naira. Binance later announced their intention to cease all naira transactions, leading to the detention of Gambaryan and Anjarwalla by Nigerian authorities. It is reported that they are facing charges of tax evasion and money laundering. Anjarwalla, Managed to escape custody on March 22 and leave the country.

Gambaryan’s wife has launched a petition to bring him back to the United States, garnering 1,719 signatures so far. She believes that her husband is innocent and a mere pawn in someone else’s scheme. Binance, in a blog post, clarified that Gambaryan had no decision-making power in the company and should not be held accountable for its activities in Nigeria. Attempts to reach Binance for further comment were unsuccessful.

It is worth noting that the Nigerian officials have also moved forward with charges against Binance and reportedly had them adjourned until April 8. The former CEO of Binance, Changpeng Zhao, who is currently in the United States, recently pleaded guilty to one felony count as part of a $4.3-billion settlement with authorities. His sentence is expected to be announced on April 30.

Leave a Reply