Charges Dropped: Binance Executive Gambaryan Tigran Cleared of Money Laundering Accusations
In a surprising turn of events, the Federal Government has withdrawn money laundering charges against Binance executive Gambaryan Tigran. The Economic and Financial Crimes Commission (EFCC) announced this decision during a Federal High Court hearing in Abuja on Wednesday, October 23.
EFCC’s lawyer clarified that Tigran, a U.S. citizen, was simply an employee of Binance and had no direct involvement in the alleged financial misconduct. His defense attorney, Senior Advocate of Nigeria Mark Mordi, echoed this sentiment, affirming that Tigran played no role in the company’s broader financial decisions.
This unexpected development comes after months of diplomatic negotiations between Nigerian and U.S. officials advocating for Tigran’s release. Despite facing two bail denials, with the judge labeling him a flight risk, the case took a decisive turn as U.S. lawmakers joined the push for his freedom.
Gambaryan and Binance’s regional manager for Africa, Nadeem Anjarwalla, were initially charged with laundering $35 million. However, Anjarwalla fled custody earlier this year, while Gambaryan was remanded to Kuje Correctional Facility following his arraignment in April. With the charges now dropped, Tigran can finally breathe a sigh of relief.
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