A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents.
The trial of Tigran Gambaryan, a Binance executive detained in Nigeria since February, has reportedly been postponed until May 17 after another delay in court.they had not received documents necessary to move forward with a money laundering case involving the firm, Gambaryan, and regional manager Nadeem Anjarwalla. The trial was expected to begin on May 2, but a judge reportedly adjourned proceedings until May 17 to allow the legal team to review the documents.
The trial is separate from tax evasion charges brought against Binance, Gambaryan and Anjarwalla by Nigeria’s Economic and Financial Crimes Commission. All parties have pleaded not guilty in the money laundering case. A Anjarwalla and Gambaryan traveled to Nigeria in February to address claims that Binance manipulated the country’s fiat currency, the naira. Authorities detained and charged both men with tax evasion and money laundering, but Anjarwalla reportedly escaped custody and fled to Kenya, where he holds nationality in addition to the United Kingdom. Interpol reported on April 30 thatMany have criticized the Nigerian government’s charges as lacking merit.