Tigran Gambaryan, an executive from the cryptocurrency giant Binance, has pled not guilty to money laundering charges in a Nigerian court. His next hearing is set for April 19.
Gambaryan, alongside his colleague Nadeem Anjarwalla, is accused of being behind Nigeria’s recent economic instability. Gambaryan – a US citizen – has denied all charges of money laundering filed against him. Anjarwalla, a British-Kenyan dual national, recently escaped custody.
Gambaryan has now been sent to Kuje Correctional Centre in Abuja.
Binance has come into Nigeria’s crosshairs during its crackdown on cryptocurrencies. Nigeria's Economic and Financial Crimes Commission (EFCC) alleges that Binance, Gambaryan, and Anjarwalla were involved in laundering millions of dollars. Finance also faces accusations of tax evasion from the Federal Inland Revenue Service (FIRS).
Nigeria is currently seeking an Interpol arrest warrant for Anjarwalla.
Binance, meanwhile, has denounced the charges, stating that Gambaryan did not have decision-making power within the company.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
South African court rules Bitcoin qualifies as "capital", "money" under exchange controls
The South Gauteng High Court in Johannesburg has ruled that Bitcoin constitutes both “capital” and “money” under South Africa’s exchange-control framework, in a landmark judgment that could ... more
Ghana to evacuate 161 citizens from Cambodia as fake deportation scare spreads
Ghana has evacuated 85 citizens from Cambodia and is arranging the return of another 76, authorities said, amid concerns sparked by a fake online notice falsely claiming African nationals faced ... more
Kenya Airways and Rubis Energy to build Africa’s first sustainable aviation fuel refinery in Kenya
Flag carrier Kenya Airways Plc (NSE:KQ) and Rubis Energy Kenya, a subsidiary of Rubis SCA (EPA: RUI), a French energy group, have signed a memorandum of understanding to develop Africa’s first ... more