The Economic and Financial Crimes Commission (EFCC) today arraigned one of the two top officials of Binance Holdings Ltd on five counts of money laundering charges at an Abuja high court
Binance, Gambaryan and Anjarwalla, who escaped from lawful custody on March 22 and fled Nigeria, will be arraigned before Justice Emeka Nwite of a Federal High Court (FHC), Abuja.
Although the crypto exchange firm, Gambaryan and Anjarwalla are listed as 1st to 3rd defendants respectively, Anjarwalla, who is described to be at large by the EFCC in the counts, is expected to be arraigned in absentia.
In the charge dated and filed on March 28 by the anti-graft agency, the trio is being accused of money laundering to the tune of $35,400,000.
Count one accused the defendants between January 2023 and January 2024 in Abuja of carrying on specialised business of other financial institution without valid licence.
The offence is said to be contrary to Section 57(1) and (2) of the Banks and Other Financial, Institutions Act, 2020 and punishable under Section 57(5) of the same Act.
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