The billions of dollars worth of possible cryptocurrency exchange giant Binance‘s BNB against the allegations of involvement in the detention of its Head of Financial Crime Compliance (FCC), Tigran Gambaryan, ongoing in Nigeria, turned neither right nor left.
The ICPC has begun announcing charges against Gambaryan and Nadeem Anjarwalla, the Binance Regional Manager for Africa, who were detained by the Nigerian authorities in February. Anjarwalla, on the other hand, supposedly escaped the country on the 25th of March. Gambaryan, in the meantime, is locked up.
Allegations and Binance’s response
Gambaryan’s and Anjarwalla’s detention was directly related to the allegations proposing to put the national currency’s exchange rate of Nigerian as the naira on the top list and the crimes connected with tax evasion. On the same day, Binance dismissed Gambaryan’s responsibility for financial choices, and he had no decision-making power in the company.
A Binance official tried to request that the Nigerian authorities not declare Gambaryan responsible during ongoing discussions between the exchange and Nigerian government officials. The talk itself was a special highlight for Gambaryan, serving as a platform for his professional history, emphasizing his role as a collaborator with the Nigerian authorities at various moments before his arrest.
Binance referred to the Man as Gambaryan and his FCC team as having worked with the government of Nigeria more than 600 times on providing information requests. Through such collaborations, investigators can get the desired information and help solve numerous cases such as fraud, money laundering, blackmail, kidnapping, and extortion. Among other things, Binance acknowledged the team’s performance, especially the training given to Nigerian judicial officers, which touched on the details of digital assets’ mechanisms.
Legal proceedings and human rights violation lawsuit
As expected, the case against the NGO continues at the Eastern High Court, with another suit filed at the Federal High Court in Abuja involving a human rights violation. However, local media outlets have reported that the duo was summoned for arraignment on April 4 over tax evasion charges.
As the successive steps of the legal drama unfold, Binance demonstrates persistence in working out all the matters with Nigerian authorities through dialogue. In the dialogue, the envoy focused on the support and readiness to calendar all the country’s fears of the government.
The detention of Tigran Gambaryan, the compliance chief in Nigeria for Binance, has been pushing controversies and allegations of meddling with currency exchange rates and tax evasion. Binance, by objecting to possible lies from media outlets about his role as Gambaryan and emphasizing the hold of having no decision-making power in the company, has expressed willingness to respond fairly to the ongoing talks between the Nigerian authorities towards the settlement of this misunderstanding.
Gambaryan and Anjarwalla face the challenge of seeking justice through a human rights violation lawsuit in the legal proceedings. As they patiently await arraignment over the tax evasion charges, they seek redress for the human rights violations. The event implies that Binance is devoted to discovering solutions to this issue by communicating and interacting with Nigerian formal authorities.
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