Kenyan law enforcement agencies will hand over the top manager of the Binance cryptocurrency exchange Nadeem Anjarwalla to the Nigerian authorities within a week, locals write mass media. At the end of March 2024, he managed to escape from custody after being charged with tax evasion.
Nigeria's Economic and Financial Crimes Commission (EFCC), Interpol and the Kenya Police are reportedly in the final stages of negotiations. Details regarding the extradition process are expected to be ironed out in the coming days.
Nadeem Anjarwalla is Binance's Regional Head for East and West Africa. At the end of February 2024, Nigerian authorities arrested him along with another employee of the exchange, the head of the company’s financial crimes department, Tigran Ghambaryan.
Binance top managers were accused of tax evasion and money laundering. We are talking about an amount of $35.4 million, noted the head of the EFCC, Ola Olukoyede.
Law enforcement agencies believe that exchange employees are responsible for the company's actions and may act as defendants in lawsuits.
At the end of March 2024, Anjarwalla's escape became known. The top manager used a Kenyan passport and left Nigeria. However, the country's security forces were able to calculate the location of the Binance representative. He was arrested in Kenya at the request of the Nigerian Bureau of Interpol.
On April 21, 2024, information appeared that the hearing in the case of Binance and its employees was postponed to May 17. According to reports, the delay in the trial is due to the fact that the Federal Inland Revenue Service (FIRS) has not formally charged the exchange with tax evasion.
Source: Cryptocurrency
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