The trial, originally scheduled for May 2, has been postponed by the judge to May 17, purportedly to grant the legal team sufficient time for document review.
Reuters reported that the court session for the case was delayed because Binance’s attorney did not receive the essential documents required to proceed with the money laundering lawsuit implicating the company, compliance officer Tigran Gambaryan, and regional manager Nadeem Anjarwalla.
“He was subsequently served in court and the judge adjourned to allow him to scrutinise the more than 300-page document ahead of May 17.” – Reuters sources
Binance and its executives face allegations of money laundering and conducting specialized financial activities without proper licensing.
In February, Nigerian law enforcement detained Gambaryan and Anjarwalla. However, in March, the latter managed to escape from custody and unlawfully exited the country.
On April 8, the court dismissed Gambaryan’s defense claim that he shouldn’t be accountable for Binance’s activities in Nigeria. The argument centered around the educational training provided by the top manager to local officials, acting as a representative of the exchange.
Gambaryan denied any wrongdoing and asserted a breach of his rights. Following the encounter, he was transferred to a high-security detention facility. The senior manager faces charges of tax evasion and laundering $35 million.
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