President Joe Biden Appreciate Nigerian Presence For Binance Exec Release
The post President Joe Biden Appreciate Nigerian Presence For Binance Exec Release appeared on BitcoinEthereumNews.com.
US President Joe Biden has expressed his appreciation to Nigerian President Bola Tinubu and the Government of Nigeria for dropping dismissed criminal charges against Tigran Gambaryan, Binance’s Head of Financial Crimes Compliance. Gambaryan, a US citizen, was arrested in February while on a business trip in Nigeria and subsequently accused of laundering $35.4 million and evading taxes on that amount, charges he and Binance have denied. Joe Biden Thanks Tinubu on Partnership, Binance Exec’s Release On Tuesday, US President Joe Biden called Nigerian President Bola Tinubu to express his gratitude for the recent release of detained American Binance executive Tigran Gambaryan. The White House released a press statement stating that President Biden praised Tinubu for showing leadership in freeing Gambaryan. Gambaryan, head of the financial crime compliance division at Binance, was held in custody by Nigeria for eight months after his initial arrest. Authorities accused him of laundering money and tax evasion on behalf of Binance. Nigerian governemnt added that these actions were devaluing the naira. Several months later, he was released on humanitarian grounds, and both cases against him have since been dismissed. That does not mean, however, that Binance has gotten away scot-free. The exchange has been separately facing tax-evasion allegations levied by Nigeria. Joe Biden’s call was confirmed also by Nigeria’s foreign affairs minister, Yusuf Tuggar, who said the phone call lasted for about 30 minutes. Tuggar said: “The two leaders exchanged pleasantries and President Biden preceded to thank President Tinubu for his partnership and for Nigeria’s partnership in particular the collaboration between the two countries with regards to our law enforcement and law enforcement agencies as well as release of one of the suspects of the cryptocurrency exchange company (Binance).” Biden-Tinubu Discuss Crypto, Illicit Finance Tigran Gambaryan has been in Nigeria’s notoriously dangerous Kuje Prison. His…
Filed under: News - @ October 30, 2024 1:06 am