According to Reuters, the Federal Inland Revenue Service (FIRS) of Nigeria has dropped charges against Binance executives Tigran Gambarian and Nadeem Anjarwala. The charges have now been transferred to the company’s local representatives.
Despite the tax charges being dropped, both individuals are still part of a money laundering case brought by the Economic and Financial Crimes Commission (EFCC) of Nigeria.
Gambarian, Binance’s financial crime and regulatory compliance director, remains in detention, sparking concerns about his health. Meanwhile, Anjarwala, Binance’s regional director for Africa, has left Nigeria.
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Binance and senior management strongly deny the tax evasion charges. The company emphasizes that Gambarian is “not a decision-maker” within the company. A spokesperson for the exchange hopes for a swift verdict of innocence from the court.
Gambarian has been in custody since March 23, with reports of his health deteriorating after collapsing in court on May 31. A judge ordered him to be transferred to a hospital, but he remains detained.
Upon learning of his health issues, a group of former federal prosecutors and U.S. agents have urged the State Department to take action, stating that current efforts are not enough.
