Nadeem Anjarwalla, a Binance executive who escaped custody in Nigeria, has been apprehended by the Kenya Police Service, marking a significant development in the ongoing investigation. Anjarwalla’s capture follows a coordinated effort between law enforcement agencies in Kenya and international authorities.

It is reported that he will face extradition to Nigeria, with the International Criminal Police Organisation (INTERPOL) facilitating the process. Government sources, speaking on condition of anonymity, have confirmed that Anjarwalla will be handed over to Nigerian authorities within the week.

Charges Against Anjarwalla and Legal Proceedings

Anjarwalla is facing serious charges related to financial misconduct, including tax evasion, currency speculation, and money laundering amounting to a staggering $35,400,000. These allegations have been brought forth by the Economic and Financial Crimes Commission (EFCC), Nigeria’s leading anti-corruption agency.

The EFCC, in collaboration with other international law enforcement agencies, has been actively pursuing Anjarwalla and his associates in connection with illicit activities within the forex market. Ola Olukoyede, chairman of the EFCC, has reaffirmed the Commission’s commitment to prosecuting Anjarwalla and other individuals implicated in fraudulent practices, signaling a strong stance against financial malfeasance.

Also Read: Pro-Crypto RFK Jr Vows To Make US Budget Publicly Accessible On Blockchain

Progress in Legal Action and International Cooperation

Efforts to bring Anjarwalla to justice are progressing rapidly, with ongoing discussions and cooperation between Nigerian and Kenyan authorities. While Anjarwalla’s alleged accomplice, Tigran Gambaryan, is already in custody, law enforcement agencies are diligently working to secure Anjarwalla’s extradition.

The collaboration between nations in this high-profile case highlights the importance of international cooperation in combating transnational financial crimes. The arrest and imminent extradition of Anjarwalla serve as a testament to the collective resolve of law enforcement agencies to uphold the rule of law and maintain integrity in the global financial system.

Also Read: Bitcoin Transaction Fees Plummet, Has Runes-Triggered Saga Ended?

The post Breaking: Fugitive Binance Exec Nadeem Anjarwalla Tracked Down, Faces Extradition  appeared first on CoinGape.

---

Filed under: News - @ January 1, 1970 12:00 am