The Federal Government (FG) has officially dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, on health grounds.
Gambaryan, who has been detained and facing money laundering accusations since April, was the subject of a recent court announcement by the Economic and Financial Crimes Commission (EFCC) at the Federal High Court in Abuja.
The withdrawal of charges was announced just two days before the scheduled return date of October 25 set by trial judge Justice Emeka Nwite.
During the hearing, the EFCC counsel clarified that Gambaryan, a United States citizen, was merely an employee of Binance and not directly involved in the broader financial decisions of the company.
Gambaryan’s lawyer, Mark Mordi, supported the prosecution's statement, affirming that his client had no responsibility for the company's financial operations.
Previously, Justice Nwite had denied Gambaryan’s second bail application on October 11, indicating that his health concerns were inadequate grounds for release.
The judge had then scheduled a continuation of the trial for October 18; however, Gambaryan's absence was noted as being due to health issues, leading to a rescheduling for the 25th.
The latest developments in the case effectively render the upcoming hearing unnecessary, with the charges being formally withdrawn in an unannounced session on Wednesday.
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