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Binance Executives Face Tax Evasion and Money Laundering Charges in Nigeria

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Binance,Cryptocurrency,Tax Evasion

One of the executives from Binance, the world’s largest cryptocurrency exchange, appeared in court in Nigeria to face charges of tax evasion and money laundering. The executive, along with another Binance executive, has been charged with four counts of tax evasion and laundering over $35 million. The accused executive will be arraigned for the charges on April 8 and 19.

One of the two executives from Binance, the world’s largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday to face tax evasion and money laundering charges.

Gambaryan and Anjarwalla were detained on Feb. 26 in connection with a criminal investigation into Binance’s activities in Nigeria when they arrived in the country. Anjarwalla escaped from custody and fled the country. Binance itself has not been charged by Nigeria’s Economic and Financial Crimes Commission , which has argued Gambaryan could face the charges on the exchange’s behalf.

 

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