Nigerian Court Postpones Binance Tax Evasion Trial to May 17

The Nigerian court has postponed the case against Binance executives until May 2. Tigran Gambaryan and another official are accused of laundering over $35 million. This decision was announced by the country’s anti-corruption body on April 8.

“What I can say is we are working very closely with the Nigerian authorities to try to resolve the matter,” CEO Richard Teng said, speaking about Gambaryan’s case during the Token2049 crypto conference in Dubai.

The other executive Nadeem Anjarwalla, a British-Kenyan who is a regional manager for Africa, fled Nigeria last month.

Anjarwalla and Gambaryan flew to Nigeria following the country’s decision to ban several cryptocurrency trading websites and were detained on arrival on Feb. 26 by Nigeria’s anti-corruption body the Economic and Financial Crimes Commission (EFCC).

Furthermore, alongside the EFCC’s case, the Federal Inland Revenue Service (FIRS) has filed charges against Binance. These allegations concern tax evasion and will be presented in court on Friday.

“This was a one-off. It’s never happened to us before,” Binance’s head of regional markets Vishal Sacheendran told Reuters on the sidelines of the Dubai conference when asked about the detentions.

Moreover, the rescheduling of the trial underscores the gravity of the allegations surrounding Binance Tax Evasion. It underscores the need for a comprehensive review of the evidence and legal arguments presented. As the trial date approaches, both Binance and the Nigerian authorities will likely intensify their preparations to present their respective cases effectively in court.
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