Nigeria drops tax evasion charges against Binance execs

Nigeria drops tax evasion charges against Binance execs
фото показано с : cryptoslate.com

2024-6-14 15:53

Nigeria’s Federal Inland Revenue Service (FIRS) has dropped tax evasion charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. Instead, the agency will focus solely on the exchange itself.

Alexander Onukwe, a Nigerian Journalist for Semafor, citing an e-mailed statement from Gambaryan’s representative, reported:

“FIRS to revise charges to serve solely on Binance through its local representative… [but] bogus EFCC charges against them remain.”

In March, the Nigerian tax regulator filed four counts of tax-related offenses against Binance and its executives. The charges included evading value-added tax (VAT) and company income tax, failing to file tax returns, and aiding customers in tax evasion.

Furthermore, Binance was accused of operating without registering with the FIRS, violating the country’s tax regulations.

Meanwhile, Gambaryan continues to face money laundering charges from Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC). The case was postponed to June 20 in May after concerns emerged over his wellbeing at the Kuje prison where he is currently held.

A Binance spokesperson told CryptoSlate:

“We are relieved that the Federal Inland Revenue Service (FIRS) have served and filed amended charges today, resulting in tax charges against Tigran Gambaryan being dropped, further illustrating that Tigran is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government. We await the court’s ruling on this, discharging Tigran from this matter completely.”

Pressure mounts on Nigeria

This development marks the latest chapter in Binance’s ongoing issues in Nigeria.

Over the past weeks, various groups, including US lawmakers and former federal prosecutors, have urged President Joe Biden to intervene in the continued detention of Gambaryan. According to them, the Binance executive is being wrongfully detained and was charged with several baseless crimes.

However, the Nigerian government continues to maintain that the defendants, both Gambaryan and Binance, will have the opportunity to defend themselves against the charges in court.

Gambaryan is a US citizen who heads the crypto exchange’s financial crime compliance department. He and Nadeem Anjarwalla, Binance’s regional manager for Africa, were apprehended upon their arrival in Nigeria’s capital, Abuja, on Feb. 26. Anjarwalla escaped custody on March 22.

June 16 UPDATE: Included Binance’s spokesperson statement.

The post Nigeria drops tax evasion charges against Binance execs appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Доступно / Всего 0 BNB

binance nigeria charges against tax evasion instead

Источник: cryptoslate.com

binance nigeria → Результатов: 126


Nigeria Refutes Binance’s Bribery Allegations, Calls Them ‘Diversionary Tactics’

Nigeria has rejected bribery allegations made by Binance, the world’s largest cryptocurrency exchange, labeling them as a “tactic to divert” attention from the exchange’s activities.  The statement comes in response to a blog post by Binance’s newly appointed CEO, Richard Teng, who claimed that the Nigerian government demanded a $150 million cryptocurrency payment to settle […]

2024-5-9 07:00


Binance Group открестилась от нигерийской торговой площадки Binance

Комментируя обвинения со стороны Комиссии по ценным бумагам и биржам (SEC), администрация Binance заявила, что Binance Nigeria не имеет и никогда не имела аффилированных отношений с биржей.

2023-6-19 14:22


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Nigerian government drops money laundering charges against Binance executive

Tigran Gambaryan and Binance have been accused of laundering more than $35 million Nadeem Anjarwalla, a colleague of Gambaryan, was also detained, but managed to escape on a Middle Eastern airline in March The Nigerian government has dropped all charges against a Binance executive who had been detained in the country since February.

Binance Executive Too Sick For Court, Nigerian Trial Postponed

Prison authorities in Nigeria declared that detained Binance executive Tigran Gambaryan is ‘very sick’, preventing him from appearing in court again for his trial. This is a major concern which had been raised by his wife nearly two months ago, saying that Gambaryan’s health condition has sharply deteriorated since being detained in April. Related Reading: […]

Detained Binance exec in Nigeria can no longer walk, family says

The family of Tigran Gambaryan, the Binance executive detained in Nigeria, reports that his health has severely deteriorated, and he is being denied access to medical care. In an Aug. 26 statement shared with CryptoSlate, his family expressed grave concerns about his health conditions and revealed that he is suffering from extreme pain due to […] The post Detained Binance exec in Nigeria can no longer walk, family says appeared first on CryptoSlate.

Nigerian Blockchain Committee Addresses Binance Case’s Impact On The Industry

The ongoing legal battle between Nigerian authorities and the crypto exchange Binance has significantly affected the country’s blockchain industry. The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) recently expressed its concerns about the negative impact of the current dispute and urged for a “balanced resolution.