Breaking: Nigeria Dismissed Tax Evasion Charges Against Binance Executives

Nigeria’s Federal Inland Revenue Service (FIRS) on Friday dismissed charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. However, the income tax agency has not dropped tax evasion charge against Binance, leaving the crypto exchange as the sole defendant in the tax evasion case.

Tigran Gambaryan and Nadeem Anjarwalla Free From Tax Charges

The Federal Inland Revenue Service of Nigeria decided to drop charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla, according to a spokesperson. Both Binance executives are still detained in Nigeria for further action by the court.

Binance executives including head of crime compliance Tigran Gambaryan are free after FIRS agreed to revise the charges. They are no longer required to appear in court for the tax evasion case. Binance will continue to fight regarding tax evasion charges brought by Nigeria’s FIRS.

However, Tigran Gambaryan and Nadeem Anjarwalla will continue to face money laundering charges, with the trial hearing scheduled after Gambaryan’s bail was denied. He is still detained at Kuje prison, where he suffered from Malaria. US lawmakers pushed President Joe Biden to secure his release claiming that Nigeria has taken a Binance executive hostage.

The next hearing in the money laundering trial is scheduled for June 19.

Also Read: Why This Is The Right Time To Buy Bitcoin and Gold – Bloomberg

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