Key Points:
- The Binance trial in Nigeria was delayed until May 17 due to missing documents.
- Binance and its executives deny laundering $35 million and engaging in unlicensed financial activities.
- Interpol completes extradition paperwork for a fleeing executive amidst tax evasion charges.
According to Reuters, a Nigerian court has adjourned the money laundering trial involving cryptocurrency exchange Binance and two of its executives to May 17.
Court Delays Binance Trial In Nigeria Over Missing Documents
The delay of Binance trial in Nigeria comes after its lawyer raised concerns about not being served with the necessary documents to prepare for the case. Specifically, the lawyer cited the lack of additional proof of evidence, which reportedly spans over 300 pages. The judge granted the lawyer more time to review the documents.
The executives facing charges are Tigran Gambaryan, head of financial compliance and a U.S. citizen, and Nadeem Anjarwalla, a British-Kenyan regional manager for Africa. Both have pleaded not guilty to charges of laundering over $35 million and engaging in specialized financial activities without proper licensing.
Interpol Completes Extradition Paperwork in Binance Executives’ Case
Apart from the money laundering case brought by Nigeria‘s Economic and Financial Crimes Commission (EFCC), Binance and its executives are also facing tax evasion charges. The Binance trial in Nigeria regarding tax evasion is scheduled to resume alongside the money laundering case.
Meanwhile, the Nigerian Central Bureau of Interpol has confirmed the completion of extradition paperwork for Anjarwalla, who has fled the jurisdiction. The Nigerian authorities are actively collaborating with other governments to serve a Red Notice against Anjarwalla and facilitate his extradition to Nigeria for trial.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Binance Trial In Nigeria Postponed Until May 17
Key Points:
- The Binance trial in Nigeria was delayed until May 17 due to missing documents.
- Binance and its executives deny laundering $35 million and engaging in unlicensed financial activities.
- Interpol completes extradition paperwork for a fleeing executive amidst tax evasion charges.
According to Reuters, a Nigerian court has adjourned the money laundering trial involving cryptocurrency exchange Binance and two of its executives to May 17.
Court Delays Binance Trial In Nigeria Over Missing Documents
The delay of Binance trial in Nigeria comes after its lawyer raised concerns about not being served with the necessary documents to prepare for the case. Specifically, the lawyer cited the lack of additional proof of evidence, which reportedly spans over 300 pages. The judge granted the lawyer more time to review the documents.
The executives facing charges are Tigran Gambaryan, head of financial compliance and a U.S. citizen, and Nadeem Anjarwalla, a British-Kenyan regional manager for Africa. Both have pleaded not guilty to charges of laundering over $35 million and engaging in specialized financial activities without proper licensing.
Interpol Completes Extradition Paperwork in Binance Executives’ Case
Apart from the money laundering case brought by Nigeria‘s Economic and Financial Crimes Commission (EFCC), Binance and its executives are also facing tax evasion charges. The Binance trial in Nigeria regarding tax evasion is scheduled to resume alongside the money laundering case.
Meanwhile, the Nigerian Central Bureau of Interpol has confirmed the completion of extradition paperwork for Anjarwalla, who has fled the jurisdiction. The Nigerian authorities are actively collaborating with other governments to serve a Red Notice against Anjarwalla and facilitate his extradition to Nigeria for trial.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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