Agents of the Economic and Financial Crimes Commission (EFCC) have brought a Binance Holdings Limited official, Tigran Gambaryan, to court on charges of tax evasion and money laundering.
The Binance executive was arraigned at the Federal High Court in Abuja on Thursday, April 4, 2024.
In the case marked FHC/ABJ/CR/115/2024, Binance is charged with neglecting to register with the Federal Inland Revenue Service to pay all pertinent taxes levied by the service.
The FIRS further claimed that while providing taxable services to users on its trading platform, the company did not issue invoices to those users for the purpose of calculating and paying value-added taxes.
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Gambaryan was escorted into the courtroom by heavily armed EFCC agents.
He is named as the second defendant in the case.
The court proceedings were ongoing at the time this report was filed.
