Gambaryan

Binance CEO: Deeply relieved and grateful that Tigran Gambaryan has finally been released after being detained in Nigeria for nearly eight months

ChainCatcher news, Binance CEO Richard Teng posted on the X platform: "We are deeply relieved and grateful that Tigran Gambaryan has finally been released after being detained in Nigeria for nearly eight months. During this difficult time, Tigran has shown tremendous strength, and we commend his resilience in such severe adversity. We are very thankful to everyone who has dedicated countless hours to support Tigran's release. Tigran's health and well-being remain our top priority, and we are glad that he can now receive the urgent medical care and rest he needs with his family. Binance remains committed to working with global regulators to ensure compliance and transparency in the ever-evolving digital asset space. We look forward to putting this incident behind us and continuing our efforts to create a brighter future for the global blockchain industry. Nigeria has a young, tech-savvy population with a strong interest in digital finance, fully capable of leveraging blockchain technology to address economic and social challenges. We look forward to playing a constructive role in this endeavor."Previous news from yesterday, according to DL News, Nigerian prosecutors withdrew criminal charges against Binance executive Tigran Gambaryan on Wednesday; Tigran Gambaryan has been detained in the African country since February.

A Nigerian court stated that detained executive Gambaryan can convey tax evasion allegations to Binance, and the tax evasion case will continue next week

ChainCatcher news, according to CoinDesk, Binance and its executives are facing money laundering and tax evasion charges, and the bail hearing for detained Binance compliance officer Tigran Gambaryan took place on Friday in Nigeria. The court ruled that the federal inland revenue service's tax evasion charges could be served to Binance through Gambaryan. Gambaryan's lawyer opposed this application on the grounds that they needed to review the amended charges to provide defense advice for Gambaryan, and the court agreed to postpone the matter until May 22 for further proceedings.The Economic and Financial Crimes Commission (EFCC) money laundering trial began on Friday, with a Nigerian prosecutor calling Abdulkadir Abbas from the Nigerian Securities and Exchange Commission as the first prosecution witness. After the prosecution completed its questioning of the first witness, Tigran's lawyer requested a recess to obtain certified records of certain documents used for cross-examination of the witness in the evidence presentation. The court postponed the trial until noon on May 23.A Binance spokesperson stated, "We are deeply disappointed that Tigran Gambaryan continues to be detained, as he has no decision-making power within the company. Tigran has dedicated most of his life to public service and fighting crime. The charges against him are completely unfounded. He should be released while discussions between Binance and Nigerian government officials continue."Earlier today, it was reported that a Nigerian court denied bail for Binance executive Tigran Gambaryan.
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