Gold

Joe Biden

Time

Nigeria’s Federal Inland Revenue Service (FIRS) on Friday dismissed charges against Binance executives <a href="https://coingape.com/binance-execs-wife-criticizes-us-delayed-response-in-nigeria-trial/" target="_blank" rel="noopener">Tigran Gambaryan</a> 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. 
<h2 id="tigran-gambaryan-and-nadeem-anjarwalla-free-from-tax-charges">Tigran Gambaryan and Nadeem Anjarwalla Free From Tax Charges</h2> 
The Federal Inland Revenue Service of <a href="https://coingape.com/tag/nigeria" target="_blank" rel="noopener">Nigeria</a> decided to drop charges against Binance executives Tigran Gambaryan and <a href="https://coingape.com/trending/who-is-nadeem-anjarwalla-embattled-binance-executive-faces-extradition/" target="_blank" rel="noopener">Nadeem Anjarwalla</a>, 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 <a href="https://coingape.com/us-lawmakers-pressure-biden-to-secure-binance-exec-return-from-nigeria/" target="_blank" rel="noopener">Joe Biden</a> to secure his release claiming that Nigeria has taken a Binance executive hostage. 
“In order for Tigran to be allowed to go home to his family, we are hopeful that the Economic and Financial Crimes Commission (EFCC) will take similar steps,” the Binance spokesperson said. 
The next hearing in the money laundering trial is scheduled for June 19. 
Also Read: <a title="Why This Is The Right Time To Buy Bitcoin and Gold – Bloomberg" href="https://coingape.com/why-this-is-the-right-time-to-buy-bitcoin-and-gold-bloomberg/" target="_blank" rel="bookmark noopener">Why This Is The Right Time To Buy Bitcoin and Gold – Bloomberg</a> 
<h2 id="detained-binance-exec-s-family-criticize-us-govt">Detained Binance Exec’s Family Criticize US Govt</h2> 
The detention of Binance executives is one of the controversial event in the history of the crypto industry. Binance’s efforts to release Tigran Gambaryan and Nadeem Anjarwalla failed as the Nigerian government denied the requests. 
Tigran Gambaryan’s wife Yuki Gambaryan blamed the US government for delayed action as her husband, a Binance executive, remains detained in Nigeria on disputed charges. 
After the U.S. intervention, <a href="https://coingape.com/nigeria-assures-lawful-handling-of-binance-executive-trial-as-us-intervene/" target="_blank" rel="noopener">Nigerian government</a> officials reaffirmed that the trial would be conducted in faithful allegiance to the law. 
Also Read: 
<ul> 
 <li><a title="Ripple Vs SEC: Can SEC Appeal Summary Judgment, Remedies Verdict On July 13?" href="https://coingape.com/ripple-vs-sec-lawyers-weighs-sec-xrp-appeal-settlement-final-judgment-date/" target="_blank" rel="bookmark noopener">Ripple Vs SEC: Can SEC Appeal Summary Judgment, Remedies Verdict On July 13?</a></li> 
 <li><a href="https://coingape.com/shiba-inu-exec-spotlights-bone-listing-in-indonesia-price-to-rally/" target="_blank" rel="noopener">Shiba Inu Exec Spotlights BONE Listing In Indonesia, Price To Rally?</a></li> 
 <li><a href="https://coingape.com/binance-removes-these-btc-tusd-bnb-pairs-whats-happening/" target="_blank" rel="noopener">Binance Removes These BTC, TUSD, BNB Pairs, What’s Happening?</a></li> 
</ul> 
The post <a href="https://coingape.com/nigeria-dismissed-tax-evasion-charges-against-binance-executives/">Breaking: Nigeria Dismissed Tax Evasion Charges Against Binance Executives</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Breaking: Nigeria Dismissed Tax Evasion Charges Against Binance Executives

Table of Contents

Coingape News Media

Other articles published on Jun 14, 2024

Binance Execs Cleared of Tax Evasion by Nigerian FIRS

Federal Reserve Moves Against Evolve Bank, Is Another Regional Bank Collapse In View?

Bitfarms expands into Pennsylvania amid Riot’s growing stake

Bitcoin Price Analysis: What’s Next For BTC As Crypto Fear And Greed Index Nosedives

Tron Faces Legal Turmoil and Chainlink Confidence Wanes While Qubetics Whitelist Shines Bright

Bitcoin.com announces $10k giveaway in Coinpoker freeroll tournament

Join our free newsletter for daily crypto updates!