A Nigerian judge will hear a money laundering case against crypto Binance and two of its executives next week.
This hearing comes more than a month earlier than planned, after defence lawyers asked for the date change, the prosecutor said on Monday.
What happened?
According to Reuters report, Binance and the executives – U.S. citizen and head of financial crime compliance Tigan Gambaryan, and the exchange’s British-Kenyan regional manager for Africa, Nadeem Anjarwalla have been charged with laundering more than $35 million while Binance is also facing charges on tax evasion.
Since February, Tigran has been detained in Nigeria and his health has been reportedly deteriorating.
Yuki, Tigran’s wife, has appealed to the Nigerian government to drop the charges against her husband and release him on the grounds of ill health asking the U.S. government to help secure his release.
Also Read: Witness says Binance organised unauthorised transactions in Nigeria at the Federal High court.
When is the Next Court Hearing?
The next court hearing, originally scheduled for Oct. 11, is set for Sept. 2 after the defence lawyers asked for the change of date.
DiutoCoinNews reported earlier that the Nigerian government accused Binance and its executives, Tigran Gambaryan and Nadeem Anjarwalla, of acting as a channel for currency conversion rate discovery.
Binance was also blamed for feeding black market high bad rates for the naira exchange rate which they claimed has weakened the Naira.
This development led to Binance closing down its Naira to USDT P2P service in Nigeria in March.
Remember to sign up and receive daily news updates.
Discover more from DiutoCoinNews
Subscribe to get the latest posts sent to your email.
