Tigran Gambaryan, a Binance executive facing tax evasion charges in Nigeria, has had his case adjourned until April 19, as reported on April 4 by Bloomberg. Gambaryan, based in the United States, has been in Nigerian custody since March. He arrived in Nigeria in February with Binance executive Nadeem Anjarwalla, addressing concerns about the alleged manipulation of the country’s fiat currency, the naira.
Following Binance’s announcement on March 5 to cease all naira transactions and exit the Nigerian market, Gambaryan and Anjarwalla were detained by authorities. Reports suggest they face charges including tax evasion and money laundering.
Authorities have proceeded with charges against the exchange, reportedly adjourned until April 8, along with Gambaryan. Anjarwalla reportedly escaped custody on March 22. Gambaryan’s wife initiated a petition to bring him back to the U.S., garnering 1,719 signatures.
Binance emphasized in an April 3 blog post that Gambaryan had no decision-making authority in the company and requested he not be held accountable for its activities in Nigeria. Former Binance CEO Changpeng Zhao, currently in the U.S., pleaded guilty to one felony count as part of a $4.3 billion settlement with authorities. He awaits sentencing on April 30.
