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Court discharges Binance executives in tax evasion charge

A Federal High Court in Abuja has discharged Tigran Gambaryan, the executive of Binance Holdings Limited, and his fleeing colleague, Nadeem Anjarwalla, from the alleged tax evasion charge brought about it by the Federal Inland Revenue Service (FIRS).

Justice Emeka Nwite on Friday, struck out Gambaryan and Anjarwalla’s names from the four-count charge after FIRS’ counsel, Moses Ideho, filed a fresh amended charge wherein Binance is listed as the sole defendant.

NAN reports that while Binance is the 1st defendant is the May 17 amended charge filed by FIRS, Gambaryan was listed as 2nd defendant while Anjarwalla’s name appeared as being at large.

When the matter was called on Friday, Gambaryan stepped into the dock.

Tonye Krukrubo, SAN, who appeared for Binance (1st defendant), then informed the court that the cryptocurrency firm had just appointed a representative in Nigeria.

The new appointee, who was also in court, stood up and announced his name as Ayodele Omotilewa.

Ideho confirmed that his office received a notice of appointment of a representative by Binance.

He said the notice was dated June 13, 2024, appointing Ayodele Omotilewa as its agent in the country.

The FIRS lawyer told the court that against the development, an amended four-count charge listing Binance Holdings Limited as sole defendant was filed on June 13.

He therefore applied that Omotilewa should be docked to take a plea on behalf of the company.

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