Fun

Nigerian officials drop some charges against detained Binance exec

News Feed - 2024-06-15 12:06:32

Vince Quill8 hours agoNigerian officials drop some charges against detained Binance execThe next court dates in Tigran Gambaryan’s case are scheduled for June 19–20, according to a family spokesperson.1352 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksNigerian officials have dropped some of the charges against detained Binance executive Tigran Gambaryan, a family spokesperson announced on June 14.


The Federal Inland Revenue Service (FIRS) dropped tax charges against both Gambaryan and fellow Binance executive Nadeem Anjarwalla. However, the pair still faces money laundering charges from Nigeria’s Economic and Financial Crimes Commission (EFCC), in a case set to resume on June 20.


Spokespeople for the Gambaryan family denounced the charges as “bogus” and cited the dismissal of the tax charges from FIRS as evidence that the pair should never have been charged in the first place.An announcement from Gambaryan family spokespeople. Source: Andy Greenberg


Gambaryan’s health was a focal point of the latest update after the Binance executive reportedlycollapsed in court on May 23 due to Malaria. Representatives for Gambaryan’s family claimed his health has further deteriorated since the incident, and he is now suffering from pneumonia. The statement also alleged that prison authorities refuse to provide transparency on the detained executive’s well-being.“Despite a court order by Justice Emeka Nwite to take Tigran to [the] hospital immediately, it took the prison authorities 11 days to take him for a brief check-up. The prison is not allowing the results of this check-up at the hospital to be released to his family, lawyers nor the U.S. embassy as they have named a person from the prison as his next of kin.”


Related: Binance official’s wife demands medical care for detained husband


Binance also issued a separate statement, commending FIRS for "their diligence and professionalism." Spokespeople for the exchange reiterated that the decision to drop charges reinforces that "Tigran is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government." The statement concluded, "We await the court"s ruling on this, discharging Tigran from this matter completely."Nigeria charges Binance executives


Gambaryan and Anjarwalla were arrested by Nigerian authorities in February on money laundering and tax evasion charges in conjunction with Binance despite the company agreeing to leave the African country.


In March, Anjarwalla escaped Nigerian custody, reportedly using his Kenyan passport to flee to the country. Later, Anjarwalla was tracked and arrested in Kenya, where he faces extradition to Nigeria.An outpouring of support


Lawmakers in the United States recently penned a letter to the State Department and presidential envoy for hostage affairs Roger D. Carstens drawing attention to the imprisonment of Gambaryan, a former Internal Revenue Service (IRS) agent, stating that he has been “wrongfully detained.”


Following that letter, former federal prosecutors echoed calls from American lawmakers to secure Gambaryan’s release in a letter signed by 108 ex-prosecutors to the State Department on June 6.


Update ( June 14, 2024. 16:37 UTC): This article has been updated to include a statement from a Binance spokesperson.


Magazine: Terrorism and Israel-Gaza war weaponized to destroy crypto# Blockchain# Nigeria# Binance# RegulationAdd reaction

News Feed

DOJ Launches Network of Over 150 Federal Prosecutors to Combat Criminal Uses of Crypto
DOJ Launches Network of Over 150 Federal Prosecutors to Combat Criminal Uses of Crypto The U.S. Department of Justice (DOJ) has established the nationwide Digital Asset Coordinator
Bank of England’s Governor Warns About Crypto Amid Bloodbath — ‘Be Prepared to Lose All Your Money’
Bank of England"s Governor Warns About Crypto Amid Bloodbath — "Be Prepared to Lose All Your Money" The governor of the Bank of England, Andrew Bailey, has reiterated his warning
Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Kenyan Central Bank Says It’s ‘Craziness’ to Convert Country’s Reserves to Bitcoin
Kenyan Central Bank Says It"s "Craziness" to Convert Country"s Reserves to Bitcoin The Kenyan central bank governor Patrick Njoroge has described as “craziness” the c
Amaka Nwaokocha12 hours agoShiba Inu lead developer queries Coinbase’s ‘Onchain Summer’ campaignKusama responded to Coinbase CEO Brian Armstrong’s update with the statement, “If it isn’t a shadowcat, it’s a
Coronavirus Fuels P2P Connectivity: Crypto-Driven Meshnet Gives Rural Towns Internet
Coronavirus Fuels P2P Connectivity: Crypto-Driven Meshnet Gives Rural Towns Internet While the coronavirus wreaks havoc on the economy across the U.S., a number of the 1,737 resi
Bitdeer to expand operations with $150M convertible notes offering
Ezra Reguerra12 hours agoBitdeer to expand operations with $150M convertible notes offeringBitdeer Technologies Group’s stock price dropped to $6.33 after it announced a senior convertible notes offering. 2159 Total v
Low CPI print is fodder for Bitcoin to retest all-time highs — Grayscale research head
Alex O’Donnell7 hours agoLow CPI print is fodder for Bitcoin to retest all-time highs — Grayscale research headBitcoin’s response to the CPI report was surprisingly muted.2212 Total views4 Total sharesListen to art
Bank of America and JPMorgan Say US Economy Is Doing Well, Consumers Are in Good Shape Despite Inflation
Bank of America and JPMorgan Say US Economy Is Doing Well, Consumers Are in Good Shape Despite Inflation Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon
Mining Is Not Banned in Ukraine and Does Not Require Licensing, Key Crypto Advisor Says
Mining Is Not Banned in Ukraine and Does Not Require Licensing, Key Crypto Advisor Says The regulatory status of cryptocurrency mining remains somewhat undetermined in Ukraine, eve
Over 70% of hacked funds are lost to CeFi entities — Cyvers
Zoltan Vardai16 minutes agoOver 70% of hacked funds are lost to CeFi entities — CyversReal-time threat detection and AI integrations could further bolster Web3 security, according to the CEO of Cyvers.122 Total viewsL
The Nervos Network’s Ben Morris Talks About Godwoken, the EVM Compatible Layer 2 Solution
The Nervos Network’s Ben Morris Talks About Godwoken, the EVM Compatible Layer 2 Solution The Nervos Network is an open Blockchain platform for innovators to build applications t