Politics
Binance Faces Legal Heat: EFCC Lodges $35 Million Money Laundering Allegations, Seeks Extradition
Binance Faces Legal Heat: EFCC Lodges $35 Million Money Laundering Allegations, Seeks Extradition....KINDLY READ THE FULL STORY HERE▶
The Economic and Financial Crimes Commission (EFCC) has initiated legal proceedings against Binance Holdings Limited and two of its top executives, Tigran Gambaryan and Nadeem Anjarwalla, with charges amounting to $35,400,000 in alleged money laundering. Anjarwalla, who is currently evading authorities, faces extradition following a court warrant secured by the EFCC.
Collaborating with international law enforcement agencies such as Interpol, the FBI, the UK government, and Kenyan authorities, the EFCC is intensifying efforts to arrest and extradite Anjarwalla.
The charges, detailed in court documents filed on Thursday, March 28, 2024, at the Federal High Court of Nigeria, Abuja division, accuse Binance and its executives of various offenses related to financial regulations. These include operating specialized financial businesses without a valid license, engaging in financial activities without authorization, unlawfully negotiating foreign exchange rates, conspiring to conceal the origin of proceeds from unlawful activities, and concealing revenue generated by Binance as proceeds of illegal activities.
In response to these legal actions, Tigran Gambaryan has taken legal recourse, filing a lawsuit against the National Security Adviser (NSA) Nuhu Ribadu and the EFCC, alleging violations of his fundamental rights. Gambaryan, represented by Olujoke Aliyu of Aluko and Oyebode Law Firm, has sought redress before Justice Inyang Ekwo.
Similarly, Nadeem Anjarwalla, the regional manager of Binance in Africa, who escaped custody, has also filed a separate lawsuit seeking enforcement of his rights before Justice Ekwo.
As the legal battle unfolds, the EFCC continues its pursuit of justice in the alleged money laundering case involving Binance Holdings Limited and its executives.
For more information join our WhatsApp group by clicking the link here: WhatsApp Group Invite
For inquiries only, contact us at omoikirodahoshiobugie@gmail.com, 08075806790 (WhatsApp only). For paid articles covering content related to shows, music promotion, asylum letters, concerts, politics, advertisement hit up the Whatsapp number 08075806790.
Source: Bushradiogist
Tinubu Fires Shots At ADC Coalition, Says They “Privatized Another Man’s Party” (Video)
Breaking: Ogun State Grants Workers Day Off Over Fuel Hike, Announces Cash Relief
Breaking: INEC Tweaks Campaign Timetable Ahead Of 2026 Osun Guber Election
Political Sh*ck: ADC Reacts To Suspension Of Atiku, Lawal
2027 Tension: Wike Labels Atiku A Serial Loser In Explosive Attack
Abba Kabir Yusuf Declares: ‘I Am APC Leader In Kano, Ganduje Can’t Give Me Orders
Here’s What Happened” — Ex-Army Chief Buratai Speaks On Borno Airstrike Tragedy
The People’s Mandate, The Calm Within the Storm: Why Oredo Is Looking Toward Esosa Iyawe
Succession Buzz: Olusi Reveals Who May Replace Sanwo-Olu In 2027
