Binance executives charged with money laundering

The Federal High Court sitting in Abuja has scheduled the arraignment of Binance Holdings Limited and two of its officials – Tigran Gambaryan and Nadeem Anjarwalla – for tomorrow.

The firm, Gambaryan, and Anjarwalla, who escaped from lawful custody on March 22, will be arraigned before Justice Emeka Nwite on two separate charges.

The one filed by the Economic and Financial Crimes Commission (EFCC), bordering money laundering, has five counts.

The other, by the Federal Inland Revenue Service (FIRS), has four counts, in which they were accused of sundry tax infractions.

It was learnt that Anjarwalla will be arraigned in absentia.

In the charge by the EFCC, filed on March 28, the defendants are accused, among others, of laundering about $35,400,000.

In count one of the charges, the defendants are alleged to have, between January 2023 and January 2024 in Abuja, carried out the specialised business of other financial institutions without a valid licence

In the charge by the FIRS, marked: FHC/ABJ/CR/115/2024 filed on March 22, the defendants were alleged to have committed the offence on or about February 1 this year.

In count one, the defendants are accused of failing to register with the FIRS to pay all relevant taxes while carrying out and offering services to subscribers on their platform (Binance).



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