The Economic and Financial Crimes Commission, EFCC, has stopped the prosecution of detained Binance Holdings Limited top executive Tigran Gambaryan, the News Agency of Nigeria, NAN reports.
The development comes a few months after the company told the federal government to release Gambayan because he’s innocent of the charges preferred against him by the anti-graft agency.
The crypto currency top gun was ordered to be released by a federal high court in Abuja, after the EFCC withdrew the charges against him.
Justice Emeka Nwite who gave the order on Wednesday said the decision was as a result of the deteriorating health of the Binance employee.
R.U Adagba, counsel to the EFCC had earlier informed the court that the federal government was no longer willing to go ahead with the case.
Instructively, the judge has ordered him to be released form the Kuje Correctional Facility where he had been detained for months.
The EFCC had, on April 8, arraigned Binance Holdings Ltd and Gambaryan before Justice Emeka Nwite of a Federal High Court sitting in Abuja.
They were arraigned on a 5-count charge bordering on alleged tax evasion, currency speculation and money laundering to the tune of $34,400,000 (Thirty-Four Million, Four Hundred Thousand United States Dollars).
The Binance representative’s bail application was rejected twice by the court.
NAN reports that Justice Nwite had, on October 18, fixed Friday, Oct. 25, for a report on the heath status of Gambaryan.
