Binance, Tigran Gambaryan, a U.S. citizen and head of financial crime and Nadeem Anjarwalla, a British Kenyan, are facing trial for laundering more than $35 million. The suit which was filed by Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), was supposed to resume today (Thursday), May 2.
AFederal High Court in Abuja on Thursday adjourned a money laundering trial of Binance and two of its executives to May 13.
Binance, Tigran Gambaryan, a U.S. citizen and head of financial crime and Nadeem Anjarwalla, a British Kenyan, are facing trial for laundering more than $35 million. The suit which was filed by Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), was supposed to resume today (Thursday), May 2.
Anjarwalla recently escaped from Nigerian authorities to Kenya.
On Friday, the court also adjourned a tax evasion trial against cryptocurrency exchange Binance and the two executives to May 17 after the matter was stalled because the exchange had not been formally served with the charges.
It was gathered that the Binance executive, Gambaryan did not take a plea for tax evasion charges filed against him by FIRS.
Gambaryan lawyer, Chukwuka Ikuazom objected, arguing that since Binance and its executives were jointly charged, he could not take a plea until the platform, the first defendant in the case, had been served, according to Nigerian law.
Judge Emeka Nwite, therefore, adjourned to May 17 to give a ruling.
Binance, Gambaryan and Anjarwalla face four counts of tax evasion.
The charges include failure to register with Nigeria’s Federal Inland Revenue Service (FIRS) for tax remittance purposes.
Binance, which was not represented in court and had no immediate comment, said it was working closely with Nigerian authorities following the detention of Gambaryan.
The Economic and Financial Crimes Commission, last Tuesday, urged Justice Emeka Nwite of the Federal High Court Abuja to deny the bail application of Gambaryan.
The anti-graft agency said it was too risky to admit the foreigner to bail, noting the escape of his co-defendant, Anjarwalla, from the custody of the National Security Adviser and his escape to Kenya.
Meanwhile, Yuki, Gambaryan’s wife, last week, raised the alarm that the Nigerian government kept her husband in the Kuje prison together with Boko Haram terrorists and bandits.
Yuki told the United States Parliament that her husband had spent 65 days in custody in Nigeria.
The Binance executive’s wife, who was represented by her congressman, Rich McCormick, said this at last Tuesday’s House Foreign Affairs Committee roundtable on Americans detained abroad.
Gambaryan and his colleague, Nadeem Anjarwalla, were arrested and detained on February 26 following an investigation into Binance’s activities in Nigeria.
