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Binance’s Tigran Gambaryan Money Laundering Charges Dropped
After six months, the Nigerian government has dropped all money laundering charges against Binance executive Tigran Gambaryan.
It comes barely a month after Binance founder and former CEO, Changpeng Zhao (CZ) was also released from prison.
Binance’s Tigran Gambaryan To Be Released
In a recent development, a lawyer representing the prosecuting agency disclosed the withdrawal of the charges at the Federal High Court in Abuja. The charges were withdrawn on Wednesday morning after what is believed to be “behind-the-scenes diplomatic lobbying” between the Nigerian and US governments.
“Wednesday’s hearing was a climax of the behind-the-scenes diplomatic lobbying that had been ongoing between Nigerian and the US government figures for months for the release of Mr. Gambaryan, who has been denied bail on two occasions because the judge considered him to be a flight risk,” local media reported.
Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?
Gambaryan and his colleague Nadeem Anjarwalla were taken into custody on February 26. The two were arrested without formal charges after being lured to the country on supposed business dealings. They were held in Nigeria’s notorious Kuje Prison.
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