HomeBinanceLegal battle between Binance executive intensifies amidst ongoing dispute between US and...

Legal battle between Binance executive intensifies amidst ongoing dispute between US and Nigeria


EFCC Continues Money Laundering Case Against Binance Executive, Prompting Response from Wife

The case of money laundering against Binance and its executive, Tigran Gambaryan, took a dramatic turn on Thursday, June 20, as the Economic and Financial Crimes Commission (EFCC) continued its legal proceedings. This development prompted a heartfelt response from Gambaryan’s wife, Yuki Gambaryan, who expressed her confusion and urged the United States government to intervene for her husband’s release.

The EFCC’s lead counsel, Ekele Iheanacho, appeared during the proceedings, allowing the cross-examination of the Nigerian Securities and Exchange Commission Director to proceed. This comes just days after Gambaryan and Nadeem Anjarwalla were cleared of tax evasion charges related to Binance in a case brought by the Federal Inland Revenue Service (FIRS).

In a statement to the press, Yuki Gambaryan pleaded for her husband’s release, emphasizing his innocence and the need for the Nigerian authorities to do the right thing. Two members of the U.S. Congress, Representatives Chrissy Houlahan and French Hill, visited Gambaryan in Kuje Prison and called for his immediate humanitarian release due to poor prison conditions and his deteriorating health.

The lawmakers’ visit followed a joint letter from 18 U.S. Congress members to President Joe Biden and Secretary of State Antony Blinken, urging them to intervene in Gambaryan’s detention. The case against Binance and its executives has drawn international attention, with concerns raised about the treatment of Gambaryan and the need for justice to prevail.

As the legal battle continues, the fate of Tigran Gambaryan remains uncertain, with his family and supporters advocating for his release and fair treatment in the face of the charges brought against him.


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