The Nigerian government has dropped money laundering charges against Binance executive Tigran Gambaryan, allowing him to seek medical treatment abroad, according to reports from Reuters and local sources. This decision comes days after Gambaryan, who was denied bail, was reported to be in critical health.
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Local outlet Punch initially reported the government’s decision to withdraw charges against Gambaryan, while keeping charges against Binance itself intact. Gambaryan’s lawyer, Mark Mordi, confirmed that an order for his immediate release was in process, though specific details regarding his departure were not disclosed.
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Gambaryan, Binance’s Head of Financial Crime Compliance, has been detained in Nigeria since February, when he arrived with regional manager Nadeem Anjarwalla to address regulatory issues. Anjarwalla managed to leave the country in March, but Gambaryan remained detained, where he developed severe health issues, including malaria, pneumonia, tonsillitis, and complications from a herniated disc. In a recent court appearance, Gambaryan struggled with mobility, relying on a single crutch due to the lack of a wheelchair.
Pressure on Nigerian authorities has grown amid Gambaryan’s deteriorating health. His wife, Yuki Gambaryan, has actively advocated for his release, sharing updates through a podcast, videos, and other efforts. Binance CEO Richard Teng and U.S. Congress members have also appealed for Gambaryan’s return to the U.S.
Meanwhile, Nigeria’s case against Binance continues, with ongoing allegations of tax evasion and the facilitation of over $26 billion in untraceable transactions. Nigerian authorities are seeking $10 billion in penalties, citing the impact on the Nigerian naira, which has depreciated significantly against the dollar.
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