HEADLINENEWS.NEWS correspondent gathered that a Federal High Court sitting in Abuja has adjourned till May 17 for the continuation of trial in the money laundering suit filed against Binance Holdings Limited and two of its executives, Tigran Gambaryan and Nadeem Anjarwalla.
Binance, Tigran Gambaryan, a U.S. citizen and head of financial crime and Nadeem Anjarwalla, a British Kenyan, are facing trial for laundering more than $35 million. The suit which was filed by Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), was supposed to resume today (Thursday), May 2.
Anjarwalla recently escaped from Nigerian authorities to Kenya.
On Friday, the court also adjourned a tax evasion trial against cryptocurrency exchange Binance and the two executives to May 17 after the matter was stalled because the exchange had not been formally served with the charges.
It was gathered that the Binance executive, Gambaryan did not take a plea for tax evasion charges filed against him by FIRS.
Gambaryan lawyer, Chukwuka Ikuazom objected, arguing that since Binance and its executives were jointly charged, he could not take a plea until the platform, the first defendant in the case, had been served, according to Nigerian law.