Nigeria’s Federal Inland Revenue Service (FIRS) has withdrawn tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla.
This move shifts the focus solely onto the cryptocurrency exchange’s local operations, relieving the two individuals of immediate tax-related legal pressures.
Tigran Gambaryan, who has been suffering from malaria and pneumonia during his detention, will no longer need to appear in court for tax charges.
However, he remains in custody due to ongoing money-laundering investigations.
The health issues and detention conditions have raised significant concerns among his supporters in the United States, leading to calls for stronger governmental intervention.
Binance has been attempting to demonstrate to Nigerian authorities that Gambaryan and Anjarwalla do not possess decision-making powers within the company.
This argument is part of a broader strategy to reduce individual liabilities and redirect legal scrutiny towards the corporation itself.
The next critical court sessions are scheduled for June 19 and June 20, focusing on the enforcement of fundamental rights and the continuation of the money-laundering trial, respectively.
These dates are crucial for determining both the legal outcomes for the executives and addressing the humanitarian concerns regarding Gambaryan’s health.
A spokesperson for Binance expressed hope that the Economic and Financial Crimes Commission (EFCC) would reconsider Gambaryan’s detention, emphasizing the need for him to return home to his family.
