The Federal Government has dropped the money laundering charge against Binance Holdings Limited’s executive, Tigran Gambaryan.
This decision was made on Wednesday due to his poor health and help from diplomatic sources.
The Economic and Financial Crimes Commission (EFCC) had filed the charges against Gambaryan, who was the 2nd defendant, while Binance Holdings Limited was the 1st defendant.
R. U. Adagba, the EFCC’s lawyer, informed the court that Gambaryan’s health had worsened. Because of this, the government decided to withdraw the charges against him. However, the charges against Binance Holdings Limited will continue.
Justice Emeka Nwite of the Federal High Court in Abuja officially discharged Gambaryan.
The court has set the trial for Binance Holdings Limited to continue on November 22 and November 25.
