Joe Biden Forced To Help Detained Binance Executive In Nigeria: Report

Key Points:

• Binance executive, Tigran Gambaryan, is detained in Nigeria.
• US lawmakers call on President Biden for intervention.
• Gambaryan is accused of aiding tax evasion via Binance.

Detained Binance Executive, Tigran Gambaryan, a US citizen, is held in Nigeria amidst allegations of tax evasion. US lawmakers are urging President Biden’s intervention.

The Nigerian government has held a Binance Executive, Tigran Gambaryan, which has caused 16 U.S lawmakers to request intervention from President Joe Biden.

US Lawmakers Urge Biden to Intervene in Detained Binance Executive’s Case

Gambaryan is a US citizen and is the head of financial crime compliance at Binance and has been held in detention in a prison in Abuja, Nigeria’s capital, since April.

The lawmakers, which are headed by Chairman of the House Foreign Affairs Committee Michael McCaul, argue that the accusations against Gambaryan are baseless and that the Nigerian government is using them as a tool of coercion to extort money from Binance.

The row between Nigeria and the world’s biggest cryptocurrency exchange became public in February after Gambaryan was picked up alongside a colleague while visiting the West African country for the purpose of discussion. The discussion was geared towards the exchange’s ongoing work on its compliance function.

Readmore: Sanctum CLOUD Airdrop To launch In Few Weeks

The Health Risks and Legal Proceedings for the Detained Binance Executive

Idris, Nigerian Information Minister, has disputed the claim that the Binance executive is in wrongful detention. According to him, Gambaryan and Binance committed a crime.

The charges facing Gambaryan and Binance include non-payment of value-added tax and corporate income tax, and aiding and facilitating aid for customers to evade taxes through the platform.

He is being held at the Kuje correctional center in Abuja, which is a high-security prison. The U.S lawmakers have expressed his life and health to be at risk. His last visit to court was on May 23, after which the hearing was adjourned to June 20, as his lawyer argued that he was too ill to continue.