Binance Executive Fails to Appear in Court Due to Nigeria Jail Error
The Nigerian Correctional Service has come under criticism from the Federal Inland Revenue Service (FIRS). Binance Executive Tigran Gambaryan Not Brought to Hearing At the Federal High Court, Abuja.
According to local reports, Gambarian has been detained in Nigeria since February 2024. Did not appear in court on May 22nd As expected.
Gambarian face Specifically, it is a money laundering charge that concealed the source of $35.4 million generated by Binance in Nigeria. His bail application was previously refused.
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Moses Idehu, advisor to FIRS, expressed confusion over Gambarian’s absence and commented: Efforts to reach corrections officials were unsuccessful.
Idehu asked for a brief adjournment but Justice Emeka Nwite The Federal High Court postponed the trial to June 14. Idehu said:
We are clearly seeing that we may not be able to continue today. We will take steps to contact the Nigeria Correctional Service so that they can produce him at the next adjournment date.
TJ Krukrubo, Binance’s lawyer and Senior Attorney of Nigeria (SAN), protest against prosecution Taking his client to court.
At the same time, Gambaryan’s legal representative, SAN Chukwuka Ikwuazo, asked the judge to: Orders FIRS to remove co-defendant Nadeem Anjarwalla’s name from the amended charge. He was declared “at-large”. FIRS Lawyer Accordingly, we agreed to take the necessary steps to amend the complaint.
Anjarwalla escaped detention in March 2024 and later A criminal awaiting extradition in Kenya. However, it has not yet been confirmed whether the executive search is currently underway in Korea.
He escaped after being brought in by FIRS. Tax evasion charges against Binance and two executives. These charges include failing to register with FIRS, failing to pay company income tax, failing to pay VAT and aiding tax evasion.
nigerian government Cryptocurrency exchanges have been accused of influencing exchange rates. Increased regulatory scrutiny.
Overall, the situation highlights issues within the Nigerian Correctional Service and highlights regulatory pressures on cryptocurrency exchanges in Nigeria.
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