Binance called The US government and various organizations around the world to assist in the release of top manager Tigran Gambaryan.
The crypto exchange’s vice president of global intelligence and investigations has been in custody in Nigeria for six months. According to a statement from the company’s CEO Richard Teng, the top manager’s physical and mental health is rapidly deteriorating.
He added that the African country’s authorities justified the top manager’s detention with “baseless accusations linking Binance to the country’s economic woes, including the fall of the naira.”
Gambaryan’s wife, Yuki, has asked for his release, warning of the possibility of irreversible damage, reports The Block:
Gambaryan’s family claims that from July 26 to August 14, lawyers were not allowed to enter the prison to prepare for the trial. Subsequently, they were only allowed a five-minute visit.
The next court hearing is scheduled for September 2.
Gambaryan and the exchange’s West and East Africa director Nadeem Anjarwalla were detained after meeting with Nigerian authorities in February. They were charged with tax evasion and money laundering along with Binance Holdings Limited. The company and its top managers deny any wrongdoing.
In late March, Anjarwalla secretly flew from Nigeria to Kenya. However, authorities tracked him down there and negotiated his extradition.
In June, Nigeria’s Federal Inland Revenue Authority cleared the top executives of tax evasion charges. However, they remain under investigation for money laundering.
In July, U.S. Representative Rich McCormick said Washington should declare Gambaryan a hostage in Nigeria.
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Source: Cryptocurrency
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