Binance said it was relieved that tax charges against Gambaryan and Anjarwalla have been dropped because they are not decision-makers at the company.
“We are relieved that the Federal Inland Revenue Service (FIRS) has served and filed amended charges today, resulting in tax charges against Tigran Gambaryan being dropped.
“This further illustrates that Tigran is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government.
“We await the court’s ruling on this, discharging Tigran from this matter completely.”
The crypto platform also called on the Economic and Financial Crimes Commission to take similar steps, allowing Gambaryan to return home to his family.
It emphasized Gambaryan’s deteriorating health due to 110 days of detention, during which he was diagnosed with malaria and pneumonia.
“We commend the FIRS for their diligence and professionalism throughout this process.
“This situation unequivocally demonstrates Binance’s commitment to resolving this issue with the government transparently and cooperatively,” it said.
The Federal High Court in Abuja had earlier on dismissed tax evasion charges brought against Tigran Gambaryan and Nadeem Anjarwalla of Binance Holdings Limited by the Federal Inland Revenue Service (FIRS).
The dismissal of the suit follows the withdrawal of the tax evasion charges against the Binance Executives by FIRS.
Reports said the FIRS dropped the charges after Binance agreed to appoint Ayodele Omotilewa as its Nigerian representative.
The FIRS initially filed charges against Binance and its officials on March 22, 2024, alleging tax evasion.
Subsequently, on May 17, 2024, FIRS amended its lawsuit, focusing on Binance’s failure to collect and remit various taxes, including Value Added Tax (VAT) and Company Income Tax, as stipulated by the FIRS Establishment Act 2007.
The court’s decision to discharge Gambaryan and Anjarwalla came after the confirmation of Omotilewa’s appointment as Binance’s local representative.
With this confirmation, FIRS revised its legal strategy, now pursuing charges against Binance alone, thereby excluding Gambaryan and Anjarwalla from further proceedings.
(vitalnewsngr.com)
