Nigerian Government Drops Money Laundering Charges Against Binance Executive Gambaryan

 


The money laundering charges filed against an executive of Binance Holdings Limited, Tigran Gambaryan, have been withdrawn by the federal government.

Recall that the Economic and Financial Crimes Commission, EFCC had in April this year, arraigned Binance, a cryptocurrency firm, and Gambaryan over alleged money laundering.

Mr Gambaryan, a United States citizen, has been in detention since February following the clampdown on the cryptocurrency firm over alleged manipulation of naira.

A lawyer representing the EFCC announced the withdrawal of the charges at the Federal High Court in Abuja on Wednesday.

Announcing the development, the lawyer said Mr Gambaryan was merely an employee of Binance, whose activities he was being prosecuted for.

Comments

Popular posts from this blog

Bobrisky Falls Ill In Police Custody, Rushed To Hospital

SEX TAPES: Equatorial Guinea Government Installs CCTV In Offices, Suspends Officials

Magistrates’ Court Remands Journalist Nonso Nkwa In Owerri Prison Over Cyberstalking, Incitement Allegations

After Last Sunday's Shooting, Another Fresh Shooting Hits Anambra, Several People Dead

Many Feared Dead As Nigerian Soldiers And Gunmen Engage In Gun Battle In Imo State

Traditional Festival Turns Bloody In Anambra Community As Gunmen Attack And Kill Scores

FAAN Reacts To Viral Video Of Women Accusing Airport Officials Of Demanding N5000 To Clear Their Bags