Binance Holdings Limited’s official, Tigran Gambaryan, faces allegations of tax evasion and is currently undergoing legal proceedings.
Alongside Nadeem Anjarwalla, who is on the run, Gambaryan has appeared in the Federal High Court in Abuja today.
The case, identified as FHC/ABJ/CR/115/2024, accuses Binance of neglecting to register with the Federal Inland Revenue Service to fulfill tax obligations.
Additionally, the FIRS claims that despite providing taxable services to subscribers on its trading platform, Binance failed to issue invoices for the assessment and payment of value-added taxes.
Gambaryan was escorted to court by heavily armed operatives of the Economic and Financial Crimes Commission and is listed as the second defendant in the case.
Legal proceedings are currently ongoing at the time of this report.
