Nigerian court rules Binance executive can stand trial on behalf of crypto exchange

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 30 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 179%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

Binance, executive Tigran Gambaryan and British-Kenyan national Nadeem Anjarwalla face four counts of tax evasion

A Nigerian court on Friday ruled that Binance executive Tigran Gambaryan can stand trial on behalf of the cryptocurrency exchange in an ongoing tax evasion case.

In a separate case, they have also been charged with laundering more than $35-million and engaging in specialized financial activities without a license. They have all pleaded not guilty to the money laundering charges. Gambaryan remains in custody while Anjarwalla fled the country in March. Nigeria’s security adviser’s office has said it is working with Interpol to seek Anjarwalla’s arrest.

Binance itself has not been charged in the tax evasion case by Nigeria’s Federal Inland Revenue Service , which has said Gambaryan could face the charges on the exchange’s behalf.

Source: Law Daily Report (lawdailyreport.net)

Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigerian court adjourns Binance and executives' tax evasion trial to May 17Explore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Nigeria court adjourns Binance and execs trial to May 17Explore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Nigeria court adjourns Binance and execs trial to May 17A Nigerian court on Thursday adjourned a money laundering trial against cryptocurrency exchange Binance and two of its executives to May 17 after a lawyer...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Binance Coin’s next big price hike and why it depends on this ‘triangle’The recent market rally has caused Binance Coin [BNB] to rebound sharply off the support line of its symmetrical triangle pattern...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Countdown to Notcoin’s Binance listing – Will NOT and TON profit from it?The wait for the much-hyped Notcoin [NOT] launch is about to end, but Toncoin's reaction to this looked bearish...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Justice Department Grants Binance Monitorship to FRA Over Sullivan & CromwellThe Justice Department has picked consulting firm Forensic Risk Alliance to act as outside monitor for Binance Holdings Ltd., which pleaded guilty to violating US money-laundering regulations and trade sanctions.
Source: BNNBloomberg - 🏆 83. / 50 Read more »