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Just In: Nigerian Govt Drops Money Laundering Charges Against Binance Executive Amid Health Concerns

October 23, 2024
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Just In: Nigerian Govt Drops Money Laundering Charges Against Binance Executive Amid Health Concerns

The Federal Government has dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who was facing trial for money laundering.

Ekene Iheanacho, Counsel to the Economic and Financial Crimes Commission (EFCC), confirmed the decision in an interview on Wednesday morning.

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“The charges were dropped due to diplomatic issues, and Gambaryan’s health has significantly worsened,” Iheanacho said.

READ ALSO: Again, Federal High Court Denies Binance Executive, Gambaryan Bail

Gambaryan, a key figure at Binance, had been involved in a high-profile case that raised concerns about money laundering activities within the crypto industry.

Binance has faced increasing scrutiny globally, but this case is a significant development for the company, potentially easing some of the legal pressure it has been under.

However, the EFCC declined to comment further on the future of other investigations related to them.

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Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

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