The Federal Government on wednesday withdrew the money laundering charges filed against Tigran Gambaryan, an executive at Binance Holdings Limited. Gambaryan had been facing charges related to a $35 million money laundering case alongside the company’s U.S. head of financial crime compliance and its regional manager for Africa, Nadeem Anjarwalla.
The charges were initially brought forward by the Economic and Financial Crimes Commission (EFCC), and both Gambaryan and Anjarwalla were held in custody by the office of the National Security Adviser. However, in a dramatic turn of events, Anjarwalla escaped custody on March 22, 2024, while Gambaryan remained detained.
Gambaryan was later arraigned in April and remanded to Kuje Correctional Facility, where he awaited trial. The withdrawal of charges marks a significant shift in the case, with further developments expected to follow.
As of now, the Federal Government has not provided detailed reasons for dropping the charges. More information is anticipated as the case unfolds.
