It is freedom at last for Binance Holdings Limited executive, Tigran Gambaryan, as the Nigerian authorities have dropped the money laundering charges against him.
Tigran Gambaryan alongside some others have been facing money laundering charges to the tune of $35 million .
The charge preferred against them by the Economic and Financial Crimes Commission (EFCC) also involved not only Binance as a firm, but also its U.S. head of financial crime compliance, Gambaryan, and the exchange British-Kenyan regional manager for Africa, Nadeem Anjarwalla.
Following Gambaryan and Anjarwalla’s detention by the office of the National Security Adviser, the latter escaped custody on March 22, 2024, leaving Gambaryan to be arraigned in court.
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The court ordered his remand to Kuje Correctional Facility.
Dropping the money laundering charge against him would indeed provide a release of no mean dimension for the Binance Executive personally and the company.
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