FG Drops Money Laundering Charges Against Binance Executive, Gambaryan
The Federal Government on Wednesday, October 23, 2024, dropped the money laundering charges against Tigran Gambaryan, an Executive Director with Cryptocurrency firm, Binance Holdings.
The Binance Executive was facing trial over money laundering in the past six months since his arrest in Nigeria.
The Economic and Financial Crimes Commission (EFCC), which is the Federal Government Agency prosecuting Gambaryan, announced the withdrawal of the charges on Wednesday at the resumed hearing of the case at the Federal High Court in Abuja. The EFCC said the withdrawal of the charges against Mr Gambaryan, a citizen of the United States was basd on the fact that the accused is merely an employee of Binance.
The Counsel to Gambarya, Mr Mark Mordi, SAN, agreed with the prosecution, stressing that his client was not involved in the company’s broader financial decisions of the firm.
