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FG drops money laundering charges against Binance executive

The Federal Government has withdrawn the money laundering charges filed against the detained Binance Holdings Limited’s executive, Tigran Gambaryan, due to his ill health and diplomatic intervention.

Gambaryan was the second defendant in the charge preferred against the cryptocurrency platform (first defendant) by the Economic and Financial Crimes Commission (EFCC).

The EFCC’s counsel, R. U. Adagba, on Wednesday, October 23, 2024, told the Federal High Court in Abuja of the federal government’s decision to withdraw the money laundering charges against the detained employee because of his deteriorating health.

Drama in court over whereabouts of detained Binance executive

Adagba, however, informed the court that the EFCC would continue the charge levelled against the company, Binance Holdings Limited.

After listening to Adagba and the defence counsel, the presiding judge, Justice Emeka Nwite discharged Gambaryan from the charge and adjourned the trial against Binance until November 22 and November 25, 2024, for the continuation of trial.

The Star

Segun Ojo

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