Binance declares that its Compliance Chief, Tigran Gambaryan, whom Nigerian authorities currently detain, plays no significant role in the company’s decision-making processes. This announcement emerges as Binance engages in ongoing discussions with Nigerian officials about tax evasion charges against the exchange and two of its executives.
Despite Binance’s efforts to dialogue with local regulators, Nigerian authorities have escalated the situation by introducing more charges against the exchange. The move follows accusations of Binance’s involvement in destabilizing the Nigerian naira, prompting calls for a ban from presidential adviser Bayo Onanuga.
Gambaryan and another Binance executive, Nadeem Anjarwalla, were detained upon visiting Nigeria, despite Binance’s swift action to halt naira transactions. Anjarwalla reportedly escaped the country in March using a fake passport, leaving Gambaryan to face the legal ramifications alone.
Nigeria’s Economic Financial Crime Commission (EFCC) is gearing up to formally charge Gambaryan and Anjarwalla with multiple counts of money laundering, amounting to over $35.4 million. Anjarwalla, who is currently at large, is expected to be arraigned absent.
As Nigeria’s EFCC prepares for the forthcoming arraignment, the crypto community awaits further developments in this ongoing legal saga.
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