Nigeria has dropped money laundering charges against Tigran Gambaryan, Binance’s Head of Financial Compliance and former U.S. IRS Special Agent, who had been detained since February.
According to Business Insider Africa, the Economic and Financial Crimes Commission (EFCC) announced the dropped charges at the Federal High Court in Abuja.
While Gambaryan is free, Nigeria will continue prosecuting Binance on money laundering and separate tax evasion charges. This decision follows the denial of Gambaryan’s bail on medical grounds less than two weeks ago.
Throughout his detention, Gambaryan’s family maintained his innocence, emphasizing that he was not a decision-maker at Binance. His wife, Yuki, repeatedly urged the U.S. government to intervene, citing his deteriorating health due to a herniated disc, pneumonia, malaria, and tonsillitis.
Binance CEO Richard Teng condemned the treatment Gambaryan received, especially after a video surfaced in September showing him visibly distressed during a court appearance. Nigerian officials had previously dismissed claims of inadequate healthcare as “false.”
Image Credit: Pixabay
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