BINANCE 'relieved' as NIGERIA DROPS TAX CHARGES AGAINST IT'S EXECUTIVES
• June 14, 2024, 10:39AM EDT
Published 1
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Binance said it was “relieved” following news that tax charges had been dropped against its executives Tigran Gambaryan and Nadeem Anjarwalla in Nigeria.
U.S. lawmakers recently called on President Biden to take immediate action to bring Gambaryan home from detention in the country.
Crypto exchange Binance said it was “relieved” following news that Nigerian authorities had dropped tax charges against its executives Tigran Gambaryan and Nadeem Anjarwalla, with Binance now the sole defendant.
Nigeria’s Federal Inland Revenue Service (FIRS) served and filed amended charges today, a Binance spokesperson confirmed, resulting in the tax charges being dropped. The pair still face money laundering charges in the country, alongside Binance.
Gambaryan, a former Special Agent for the U.S. IRS and Binance’s Head of Financial Compliance, and Anjarwalla, Binance’s Africa Regional Manager, were detained following their arrival in Nigeria’s capital city, Abuja, on Feb. 26, amid accusations of Binance making illegal-transaction profits locally. Criminal charges were filed against Binance and the two executives on Feb. 28 in a $35 million money laundering and tax violation indictment. Anjarwalla later escaped from custody on March 22, though Gambaryan remains in detention.
"We commend the FIRS for their diligence and professionalism throughout this process. This situation unequivocally demonstrates Binance’s commitment to resolving this issue with the government transparently
