Deteriorating health condition halts EFCC prosecution of Binance executive

The Economic and Financial Crimes Commission (EFCC) has discontinued its prosecution of Tigran Gambaryan, an executive of Binance over his deteriorating health condition.

EFCC’s counsel, R. U. Adagba, told Justice Emeka Nwite of a Federal High Court, Abuja, of the Federal Government’s decision to withdraw the charge against the detained employee because of his deteriorating health.

She, however, informed the court that the anti-graft agency would continue the charge levelled against the company, Binance Holdings Limited.

After listening to Adagba and the defence counsel, Justice Nwite discharged Gambaryan from the charge and adjourned the trial against the cryptocurrency firm until Nov. 22 and Nov. 25 for continuation of trial.

Recall thatGambaryan has been in detention in Nigeria since late February and held at Kuje prison. He was charged alongside Binance with laundering more than $35 million. Gambaryan and Binance deny the charges