FG drops money laundering charges against Binance executive

0
3

The Nigerian government has dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who has been facing money laundering trial from detention since April.

A lawyer representing the Economic and Financial Crimes Commission, the prosecuting agency, announced the withdrawal of the charges at the Federal High Court in Abuja Wednesday.

Announcing the withdrawal of the charges, the lawyer said Gambaryan, a United States citizen, was merely an employee of Binance, whose activities he was being prosecuted for.

Mark Mordi, a Senior Advocate of Nigeria representing Gambaryan, agreed with the prosecution, saying that his client was not involved in the company’s broader financial decisions.