🔶❌ A court in Nigeria has charged a top manager of Binance.

In Nigeria, a court session was held regarding allegations against the cryptocurrency exchange Binance for tax evasion. Tigran Gambaryan, who holds the position of head of the financial crime department at Binance, was found responsible for the company’s actions, despite his refusal to admit guilt and arguments of non-involvement in the decisions made. His arguments were dismissed, and he was sent to Kuje prison pending further court decision. 🏦⚖️

The court process revealed serious allegations, including money laundering and operating without a license, and emphasized Gambaryan’s individual responsibility for Binance’s actions in the country. The importance of this case lies in the assertion that under Nigerian laws, a company representative can be held accountable for the company’s activities, underscoring Gambaryan’s role in the violations. 📜

Attention was also drawn to the case of Nadim Anjarwalla, Binance’s regional manager for East and West Africa, who avoided arrest due to his Kenyan passport. This raised questions about the legal mechanisms for holding individuals accountable who operate through agents in Nigeria, even if they themselves are in another country. The hearing was adjourned until April 18, 2024, and the discussion of Gambaryan’s detention conditions emphasized the seriousness of the situation, especially in the context of the history of Kuje prison, known after an attack by militants. 🔒📈