Federal Government Drops Money Laundering Charges Against Binance Executive Due to Ill Health

The Federal Government, on Wednesday, withdrew money laundering charges against Tigran Gambaryan, an executive of Binance Holdings Limited, citing his deteriorating health and diplomatic intervention. Gambaryan was the second defendant in a case brought against the cryptocurrency platform by the Economic and Financial Crimes Commission (EFCC).

During proceedings at the Federal High Court in Abuja, EFCC counsel R. U. Adagba informed Justice Emeka Nwite of the decision to withdraw charges against the detained executive. However, the EFCC plans to continue pursuing charges against Binance Holdings Limited.

Justice Nwite discharged Gambaryan from the case and scheduled the continuation of the trial against the company for November 22 and 25.