Cryptocurrencies

The Economic and Financial Crimes Commission (EFCC) has continued its investigation into money laundering against

The Economic and Financial Crimes Commission (EFCC) on Thursday (June 20) continued its money laundering case against Binance Ltd, a cryptocurrency platform, and its CEO, Tigran Gambaryan, prompting a response from his wife, Yuki Gambaryan.

According to local media reports, EFCC lead counsel Ikele Iheanacho appeared during the proceedings, allowing further questioning of Securities Commission Director Abdulkadir Abbas.

Source: French Hill

The development comes just days after the court acquitted Tigran Gambaryan, a 39-year-old American, and Nadeem Anggarwala, who absconded, of Binance-related tax evasion charges in a case filed Friday by the Federal Internal Revenue Service ( FIRS). , June 14.

The court made this decision in a short ruling following new amended charges filed by FIRS, a federal government agency, following a notice from Binance regarding the appointment of a Nigerian representative named Ayodele Omotilewa.

Family reaction

In a press statement, Tigran Gambaryan’s wife, Yuki, expressed confusion as to why the EFCC could not follow the lead of the FIRS and release her husband. He also urged the US government to expedite his release. She says:

“It is time for the Nigerian authorities to do the right thing and release my innocent husband. The Tigranes and my tax money are sent to Nigeria every year as aid. Nigeria is supposed to be an ally. “I refuse to believe that our State Department cannot do more to free an innocent American citizen.”

MPs demand Gambarian’s release

US Congressmen Chrissy Houlahan and French Hill met with Tigran Gambaryan at Kugi Prison, Nigeria on Thursday, June 20. According to them, Gambarian suffers from malaria and double pneumonia and has lost a lot of weight due to negligence in medical care. attention.

Related: Nigerian Officials Drop Some Charges Against Detained Binance Executive

Houlahan and Hill called for Gambarian’s immediate release on humanitarian grounds, given the poor conditions of detention and his state of health.

The lawmakers’ visit came after 18 members of the US Congress wrote a joint letter to President Biden and Secretary of State Anthony Blinken urging them to intervene for Gambaryan’s release.

Background of the case

Binance Regional Director Nadeem Angarwala and Binance Financial Crime Compliance Officer Tigran Gambaryan were arrested in Nigeria on February 26. Gambarian had traveled to the country from the United States to help defend the company against charges of tax evasion and money laundering.

Binance and its executives faced two separate prosecutions from the FIRS and the EFCC. The first borders on tax evasion, while the second involves money laundering and exchange rate violations.

Magazine: US Law Enforcement Raises Intensity of Cryptocurrency Crimes

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