2024

Drops

Coin

<ul class="news-points">
 <li>Nigeria drops tax charges against Binance executives.</li>
 <li>Executives investigated for a $26 billion transfer.</li>
 <li>Money laundering case against Binance remains active.</li>
</ul>
The Nigerian Federal Inland Revenue Service (FIRS) has reportedly dropped some tax charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, in an ongoing legal battle between the cryptocurrency exchange and Nigerian authorities, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-06-14/nigeria-drops-some-charges-against-binance-s-tigran-gambaryan" target="_blank" rel="noopener noreferrer nofollow">reports</a>.
Nigerian authorities detained Gambaryan and Anjarwalla in late February 2024 over <a href="https://coinedition.com/binance-nigeria-spat-heats-up-us-demands-release-of-detained-executive/" rel="noopener noreferrer nofollow">allegations</a> that Binance was involved in an illicit $26 billion transfer. The executives were initially charged with money laundering, tax evasion, and aiding and abetting these crimes through Binance’s platform.
The charges were since amended, with the FIRS naming only Binance and its local counsel as defendants. Gambaryan, who has been unwell, will no longer be required to appear in court for the tax-related charges. However, the money-laundering case still names both executives.
Binance has argued that Gambaryan should not be held responsible for company activities due to his lack of decision-making authority within the company. Gambaryan serves a…
The post <a href="https://coinedition.com/nigeria-drops-binance-tax-charges-laundering-case-remains/" rel="noopener noreferrer nofollow">Nigeria Drops Binance Tax Charges, Laundering Case Remains</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Nigeria Drops Binance Tax Charges, Laundering Case Remains

Coin Edition

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