According to CoinDesk, tax charges filed by Nigeria’s Federal Inland Revenue Service (FIRS) against two top executives of cryptocurrency exchange Binance, Tigran Gambaryan and Nadeem Anjarwalla, have been dropped. FIRS agreed to amend the charges so that they only target Binance. Gambaryan no longer has to appear in court for the FIRS case, in which Binance is now the only defendant.
Gambaryan and Anjarwalla were invited by the Nigerian government in February to attend a high-level meeting on Binance’s compliance issues in the country. However, Nigeria later accused the exchange of destabilizing the country's currency, charged it with crimes including money laundering and tax evasion, and detained the two top officials. Several U.S. politicians last week urged U.S. President Joe Biden to be concerned about the case and called the accusations by Nigerian authorities "baseless."
Although the tax charges have been dropped, the money laundering-related case continues as planned and Gambaryan and Anjarwalla remain defendants in the case. The next hearing in the case is scheduled for June 19, when an application for a fundamental rights order will be heard. The trial will continue on June 20. Gambaryan is still being held in Kuje prison.
Related reports: "Wall Street Journal: Should Binance take the blame for Nigeria's currency crisis?" "U.S. politicians urge the president to care about the senior Binance executive detained by the Nigerian authorities and ensure his life safety"
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