Court drops Binance executive from tax evasion charges, proceeds against crypto company

The Federal High Court in Abuja has dropped the executive of Binance Holdings Limited, Tigran Gambaryan, from the alleged tax evasion charge preferred against the company by the Federal Inland Revenue Service (FIRS).

The judge, Emeka Nwite, discharged and struck out Mr Gambaryan’s name from the four counts after FIRS’ counsel, Moses Ideho, filed fresh amended charges naming Binance as the sole defendant.

However, Mr Gambaryan will continue facing the money laundering charges in a separate trial before the same judge.