BREAKING: Fed Govt stops Binance’s official Gambaryan’s trial over alleged money laundering

The Federal Government has discontinued the prosecution of an official of Binance Holdings Limited, Tigran Gambaryan on money laundering related offences.

Gambaryan was being tried with his employer, Binance before a Federal High Court in Abuja on a money laundering charge brought against them by the Economic and Financial Crimes Commission (EFCC).

On Wednesday, prosecuting lawyer, R. U. Adagba, told the court that the prosecution has decided to withdraw against the second defendant, Gambaryan.

Adagba said the prosecution’s decision to discontinue further prosecution of the second defendant was informed by his health challenges.

She said the prosecution would proceed against the first defendant – the firm – in the absence of the second defendant.

Lawyer to the defendant was not opposed to the prosecution’s decision to withdraw against the second defendant.

Ruling, Justice Emeka Nwite granted the prosecution’s request and proceeded to discharge Gambaryan from the case.

Justice Nwite adjourned till November 22 for the continuation of trial.