Gambaryan was held on charges brought by Nigeria’s Economic and Financial Crimes Commission (EFCC), but on October 23, 2024, an Abuja court dropped the charges, citing critical international and diplomatic considerations as well as Gambaryan’s employment status with Binance Holdings Limited.
During the court proceedings, the EFCC prosecutor stated, “The government has reviewed the case and, taken into consideration that the second defendant (Mr Gambaryan) is an employee of the first defendant (Binance Holdings Limited), whose status in the matter has more impact than the second defendant’s, and also taking into consideration some critical international and diplomatic reasons, the state seeks to discontinue the case against the second defendant.”
