FG withdraws money laundering charges against Binance executive, Gambaryan

The Federal Government has withdrawn the money laundering charges against an executive of Binance Holdings Limited, Tigran Gambaryan.

TopNaija gathered that the charges against Tigran were dropped on Wednesday and the decision was due to concerns over his health and also following diplomatic intervention.

The News Agency of Nigeria (NAN) reports that Gambaryan was the 2nd defendant in the charge preferred against the cryptocurrency platform (1st defendant) by the Economic and Financial Crimes Commission (EFCC).

EFCC’s counsel, R. U. Adagba, told Justice Emeka Nwite of a Federal High Court, Abuja of the Federal Government’s decision to withdraw the charge against the detained employee because of his deteriorating health.

She, however, informed the court that the anti-graft agency would continue the charge levelled against the company, Binance Holdings Limited.

After listening to Adagba and the defence counsel, Justice Nwite discharged Gambaryan from the charge and adjourned the trial against the cryptocurrency firm until Nov. 22 and Nov. 25 for continuation of trial.