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Binance Executives' Money Laundering Trial Halted, Tax Evasion Hearing Set

2 weeks ago

Binance Executives' Money Laundering Trial Halted, Tax Evasion Hearing Set
Binance Executives' Money Laundering Trial Halted, Tax Evasion Hearing Set

Nigerian Court Delays Binance Executives' Trial to May 17

A money laundering trial against Binance and two executives, Tigran Gambaryan and Nadeem Anjarwalla, has been adjourned until May 17.

The delay was confirmed after a lawyer for Binance stated that they had not received essential documents.

Gambaryan has been detained in Nigeria since late February and faces a second trial for tax evasion, also scheduled for May 17.

Binance has expressed disappointment over the detention and has denied that the executives have decision-making authority within the company.

The relationship between Binance and Nigeria has deteriorated, with the exchange ending support for the Nigerian Naira and Nigeria threatening fines over alleged financial transactions.

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