Indian authorities have fined Binance, the world’s largest cryptocurrency exchange, $2.2 million, citing violations of its anti-money laundering regulations.
President Bola Tinubu’s government has dropped tax charges against Binance executive Tigran Gambaryan held captive by the Nigerian authorities.
Wife of detained Binance official Tigran Gambaryan has accused Nigerian authorities of illegally using someone in Kuje Prison as her sick husband’s next of kin.
Binance will have every opportunity to defend itself in court against these severe charges of financial crimes against the Federal Republic of Nigeria
“The charges against Mr Gambaryan are baseless and constitute a coercion tactic by the Nigerian government to extort his employer, Binance,” said the U.S. legislators.
Binance has repeatedly called for the release of Mr Gambaryan so that further negotiations with Nigerian authorities can continue.
The law firm stated this in a letter addressed to the deputy chief registrar of the Federal High Court and signed by a partner, C.J. Caleb.
“It is unfortunate he is not here, my lord, and it is not my fault,” FIRS lawyer said.
Binance’s latest reaction followed the rejection of Mr Gambaryan’s bail plea on Friday.
FIRS lawyer Moses Ideho said this Friday before Justice Emeka Nwite of the Abuja Division of the Federal High Court.
