Details Emerge as FG Drops All Charges Against Binance Executive Gambaryan

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The Federal Government has officially dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who had been on trial for money laundering since April. The decision to withdraw the charges was based on health grounds.

Gambaryan, a United States citizen and key figure in Binance, was prosecuted by the Economic and Financial Crimes Commission (EFCC) in Nigeria. His case was heard at the Federal High Court in Abuja, presided over by Justice Emeka Nwite.

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During a hearing held earlier than the scheduled 25th October date, the EFCC’s counsel announced the withdrawal of the charges. The lawyer explained that Gambaryan was merely an employee and was not responsible for the financial activities for which he had been detained.

Mark Mordi, Gambaryan’s legal representative, concurred, stressing that his client was not involved in the company’s broader financial decisions.

The trial judge had previously denied Gambaryan’s bail request on 11th October, citing that the presented health concerns were not adequate grounds for his release.

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The next hearing was originally slated for 25th October, but recent developments in court led to the charges being dropped in a less-publicised session.

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This decision brings an end to the legal saga for Gambaryan, who has been in custody for months while battling health issues.

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