Binance executive escapes Nigerian custody as authorities file new tax charges

From CNBC:

One of two Binance executives detained in Nigeria has escaped custody while the Nigerian government files new tax evasion charges against the cryptocurrency exchange. Charges include non-payment of Value-Added Tax (VAT) and aiding customers to evade taxes. Binance faces legal troubles in Nigeria over alleged financial improprieties.
The two detained Binance executives were taken into custody in Nigeria on Feb. 26. The Nigerian government accuses Binance of destabilizing the local currency and facilitating price speculation. Abuja claims Binance laundered money and facilitated $26 billion in untraceable funds. Binance has shut down its peer-to-peer trading platform in Nigeria following the legal battles.
Nigeria’s Federal Inland Revenue Service has filed four new tax evasion charges against Binance at the Federal High Court in Abuja. The charges include failure to pay taxes, submit returns, and complicity in tax evasion. Two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, have been charged and remanded in custody by Nigerian authorities.
Reports indicate that one of the detained Binance executives, Nadeem Anjarwalla, escaped custody on Friday. Anjarwalla’s wife expressed heartbreak over his absence, pleading for his return. Gambaryan’s wife is also struggling with his absence, highlighting his contributions to law enforcement. The families are seeking the return of the detained executives for their own well-being.



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