FG arraigns Binance executive for tax evasion

CRYPTOCURRENCY: Binance has legally registered with Italy's financial company
CRYPTOCURRENCY: Binance has legally registered with Italy's financial company

Tigran Gambaryan, the Head of Financial Crime Compliance at Binance, has appeared in the Federal High Court in Abuja to face charges of tax evasion.

His co-defendant, Nadeem Anjarwalla, is also expected to be arraigned today.

The lawsuit against Binance, marked FHC/ABJ/CR/115/2024, alleges that the company failed to register with the Federal Inland Revenue Service and pay the required taxes.

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Both Gambaryan and Anjarwalla were detained by Nigerian authorities on February 28, but Anjarwalla has since escaped custody.

Despite this, both executives and Binance are set to be charged by the Federal Government for tax evasion and money laundering.

Gambaryan arrived in court wearing a black T-shirt and green pants, escorted by officials from the Economic and Financial Crimes Commission at 9:19 am.

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