Nigeria drops tax charges against Binance executives: report – DiarioBitcoin
By Hannah Perez
Nigeria’s Federal Inland Revenue Service has dropped tax evasion charges against Tigran Gambaryan and Nadeem Anjarwalla. Now only Binance faces such charges.
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- Nigerian Revenue Service drops tax evasion charges against Binance executives
- Binance is still accused of not paying taxes in Nigeria, among other charges
- Tigran Gambaryan and Nadeem Anjarwalla still face money laundering case in the country
Nigeria’s tax authority has dropped charges against two executives of Binance who were arrested in the country at the beginning of the year amidst the regulatory problems of the cryptocurrency exchange.
Nigeria’s Federal Inland Revenue Service (FIRS) dropped charges against executives Tigran Gambaryan and Nadeem Anjarwalla, reported this Friday CoinDesk citing a family spokesperson’s statement in a statement.
Gambaryan and Anjarwalla were detained by Nigerian authorities in February while traveling to the country to communicate with officials while conducting research on cryptocurrency platforms. Although they were initially arrested without charge, the FIRS filed charges against both of them and against Binance for tax evasion.
According to the report, the FIRS agreed to review the charges and has left Binance as the sole defendant in the case, meaning the executives will not have to appear in court on charges related to non-payment of taxes.
Both executives still face accusations of money laundering, and a trial in that case remains scheduled, as the publication details. The next hearing in that case is scheduled for June 19 “where the request for an order to guarantee fundamental rights will be heard,” the outlet said, citing the statement.
The trial will resume on June 20 and Gambaryan, head of the Financial Crimes Enforcement team at Binance, remains detained in a prison in the country. In May, a Nigerian court denied the executive bail and it was later reported that he would be seriously ill in prison, with rumors that he may have contracted malaria.
Meanwhile, his colleague Anjarwalla, regional manager of Binance for Africa, fled the country in early April and it has been reported that the Nigerian government was working to extradite him back to national territory.
Article by Hannah Estefanía Pérez / DailyBitcoin
Picture of Unsplash
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