The Nigerian government has dropped all charges against the top manager of the Binance cryptocurrency exchange, Tigran Gambaryan. This is reported local media.
The decision was announced by prosecution counsel representing the Economic and Financial Crimes Commission (EFCC) during a closed session of the Federal High Court in Abuja on October 23.
According to him, Gambaryan was just an employee of Binance, for whose activities he is being prosecuted.
The executive’s defense attorney, Mark Mordy, agreed with prosecutors, saying his client had no role in the company’s broader financial decisions.
Thus, the case against Gambaryan has been completed, but the details of the decision are still unknown.
Nigerian authorities accuse Binance of money laundering and currency speculation totaling up to $34.4 million. In a separate case, the company is charged with tax evasion.
Let us remind you that Gambaryan and the director of Binance in West and East Africa, Nadeem Anjarwalla, were detained in Nigeria in February after a meeting with the country’s authorities. The latter managed to escape to Kenya, but the authorities tracked him down there and negotiated his extradition.
Gambarian has been held at the Kuje Correctional Center in Abuja since he was charged in April. Due to the conditions of detention, his physical health deteriorated sharply. The top manager suffers from a herniated disc, as well as bouts of pneumonia, malaria and tonsillitis.
The court twice denied Gambaryan bail.
His wife Yuki has repeatedly called on the US authorities to intervene in what is happening.
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Source: Cryptocurrency
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