The Federal Government has decided to discontinue the prosecution of Tigran Gambaryan, an official of Binance Holdings Limited, on charges related to money laundering.
Gambaryan was being tried alongside his employer, Binance, before a Federal High Court in Abuja, following charges brought by the Economic and Financial Crimes Commission(EFCC).
At the resumption of the trial, prosecuting lawyer R.U. Adagba informed the court that the prosecution had chosen to withdraw its case against the second defendant, Gambaryan.
She explained that this decision was based on Gambaryan’s health challenges.
The prosecution plans to proceed with the case against the first defendant, Binance, in the absence of the second defendant.
The attorney representing Gambaryan did not oppose the prosecution’s decision to withdraw the charges against his client.
Justice Emeka Nwite granted the prosecution’s request and officially discharged Gambaryan from the case. The trial has been adjourned until November 22 for further proceedings.
More details will follow shortly.
