By Abiola Olawale
Fresh details emerging on Thursday have revealed that the detained Binance Holdings Limited executive, Tigran Gambaryan, reportedly attempted to escape from Kuje Correctional Facility.
According to reports, Gambaryan had reportedly orchestrated plans to escape from the prison facility like his colleague, Nadeem Anjarwalla. However, his reported plans were foiled with the help of relevant authorities.
Gambaryan who is currently remanded in Kuje Correctional Facility was said to have applied for a new United States of America passport, under the pretense that his seized passport was missing.
An insider source who knows about the situation said Gambaryan, an Armenian-born Binance executive, told the US Embassy in Abuja that he lost his passport.
The source revealed that: “The second Binance executive, Tigran Gambaryan, who is currently remanded in Kuje prison, has planned to escape from the facility. He applied to the US embassy in Abuja to issue him a new Visa while lying that he lost his passport which was seized by the EFCC.
“Gambaryan could have escaped from Kuje if not for the fact that the US embassy flagged his request for a new passport. Fortunately, the US embassy immediately reached out to the EFFC, and the embassy was informed that he’s a criminal suspect whose case is currently in court for alleged money laundering – concealing the source of the $35,400, 000 generated as revenue by Binance in Nigeria knowing that the funds constituted proceeds of unlawful activity.”
It would be recalled that the Nigerian authorities arrested Anjarwalla and Gambaryan over alleged crimes against the Naira.
However, Anjarwalla escaped from lawful custody on Friday, March 22, 2024.
Anjarwalla, 38, was said to have run away from the Abuja guest house where he and his colleague were detained after guards on duty led him to a nearby mosque for prayers in the spirit of the recently concluded Ramadan fast.
The New Diplomat reports that the EFCC has filed five-count charges bordering on alleged tax evasion, money laundering, and others against the cryptocurrency giant and two of its executives, Anjarwalla and Gambaryan.
The court documents revealed that the charges were filed on Thursday, March 28, 2024, before the Federal High Court of Nigeria, Abuja division.
The charges read, “That you, Binance Holdings Limited (aka Binance) Tigran Gambaryan, and Nadeem Anjarwalla (now at large), between January 2023 and January 2024 in Abuja within the jurisdiction of this Honourable Court carried on specialised business of other financial institution without valid licence and thereby committed an offence contrary to section 57 (1) and (2) of the Banks and Other Financial, Institutions Act, 2020 and punishable under section 57(5) of the same Act.
“Count two, that you, Binance Holdings Limited (aka Binance) Tigran Gambaryan, and Nadeem Anjarwalla (now at large), between January 2022 and January 2024 in Abuja within the jurisdiction of this Honourable Court engaged in business of other financial institution (other than insurance, stock broking and pension fund management) without valid licence and thereby committed an offence contrary to and punishable under section 58(5) of the Banks and Other Financial Institutions Act, 2020.
“Count three, that you, Binance Holdings Limited (aka Binance) between January 2022 and January 2024 in Abuja within the jurisdiction of this Honourable Court not being an authorized dealer in Nigeria’s Autonomous Foreign Exchange Market used your virtual asset services platform to unlawfully negotiate foreign exchange rates in Nigeria and you thereby committed an offence contrary to and punishable under section 29(1) (c) of the Foreign Exchange (Monitoring And Miscellaneous Provisions) Act.
“Count four, that you, Binance Holdings Limited (aka Binance), Tigran Gambaryan, Nadeem Anjarwalla (now at large), and other persons at large between January 2023 and January 2024 in Abuja within the jurisdiction of this Honourable Court conspired amongst yourselves to conceal the origin of the proceeds of your unlawful activities and thereby committed an offence contrary to section 21 (a) and punishable under section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.
“Count five, that you, Binance Holdings Limited (“aka Binance”) Tigran Gambaryan, and Nadeem Anjarwalla between January 2023 and December 2023 in Abuja within the jurisdiction of this Honourable Court concealed the origin of a cumulative sum of $35,400,000 generated as revenue by Binance in Nigeria knowing that the funds constituted proceeds of unlawful activity and you thereby committed an offence contrary to and punishable under section 18 (3) of the Money Laundering (Prevention and prohibition) Act, 2022.”
Also on March 22, the Nigerian government approached the Federal High Court in Abuja and slammed another four-count charge on Binance Holdings Limited, Anjarwalla, and Gambaryan, accusing them of offering services to subscribers on their platform while failing to register with the Federal Inland Revenue Service to pay all relevant taxes administered by the service.
