The Federal Government has dropped money laundering charges against Tigran Gambaryan, a senior executive at Binance Holdings Limited. Gambaryan was facing charges of laundering $35 million alongside Binance’s U.S. head of financial crime compliance and the exchange’s British-Kenyan regional manager for Africa.
Gambaryan and Nadeem Anjarwalla, the British-Kenyan regional manager, were initially detained by the Nigerian government.
Anjarwalla escaped from custody in March 2024, but Gambaryan was arrested and arraigned in April. After his arraignment, a court ordered Gambaryan to be held in custody at the Kuje Correctional Facility.
The withdrawal of the charges against Gambaryan comes after months of legal proceedings and international scrutiny of Binance’s operations in Nigeria. The charges against Gambaryan were part of a broader investigation by the Economic and Financial Crimes Commission (EFCC) into Binance’s activities in the country.
The EFCC alleged that Binance had failed to comply with Nigerian anti-money laundering regulations and had allowed its platform to be used for illicit financial activities. Binance denied the allegations and maintained that it was committed to complying with all applicable laws and regulations.
The withdrawal of the charges against Gambaryan is a significant development in the case against Binance. It is unclear whether the charges against Anjarwalla will also be dropped.
The withdrawal of the charges against Gambaryan is a victory for Binance. It is also a setback for the EFCC, which has been criticized for its handling of the case.
The withdrawal of the charges against Gambaryan raises questions about the future of Binance’s operations in Nigeria. It is also unclear whether the EFCC will continue its investigation into Binance’s activities in the country.
The withdrawal of the charges against Gambaryan is a complex story with many implications. It is a story about money laundering, international finance, and the Nigerian government. It is also a story about Binance, a company that has been at the center of much controversy in recent years.
The withdrawal of the charges against Gambaryan is a developing story. More information about the case is expected to be released soon. Bookmark our website ‘https://token10x.blog’ Visit often for more crypto, financial analysis and investment.