FG Drops All Charges Against Binance Executive Gambaryan

The Federal government has dropped all charges against an executive at Binance Holdings, on health grounds.

Afinju FM
1 Min Read
FILE PHOTO: Tigran Gambaryan, an executive of Binance, the world's largest cryptocurrency exchange, sits as he waits to face prosecution for tax evasion and money laundering at the federal high court in Abuja, Nigeria April 4, 2024. REUTERS/ Abraham Achirga/File Photo

Gambaryan has been facing money laundering trial from detention since April.

A Counsel for the Economic and Financial Crimes Commission ,EFCC, announced the withdrawal of the charges at the Federal High Court Abuja, before Justice Emeka Nwite.

The hearing is coming two days before the 25 October earlier scheduled as the return date by the trial judge in the open court last Friday.

Announcing the withdrawal of the charges, the EFCC lawyer said  Gambaryan, a United States citizen, was merely an employee of Binance, whose activities he was being prosecuted for.

Counsel to Gambaryan, Mark Mordi, agreed with the prosecution, saying that his client was not involved in the company’s broader financial decisions.

The trial judge, Justice Emeka Nwite, had rejected his second bail application on 11 October, ruling that Gambaryan’s grounds of ill health were not sufficient to release him from detention.

Share This Article
Leave a comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • https://stream.zeno.fm/dk8ldnmy1wbvv