By Ayooluwa Ayobami
The Federal Government has dropped the prosecution of Tigran Gambaryan, an official of Binance Holdings Limited, on money laundering charges.
Gambaryan was being tried alongside Binance in a Federal High Court in Abuja, following charges filed by the Economic and Financial Crimes Commission (EFCC).
On Wednesday, prosecuting attorney R. U. Adagba informed the court that the decision to withdraw the case against Gambaryan was due to his health issues.
Adagba confirmed that the prosecution would continue against the first defendant, Binance, despite Gambaryan’s absence. The defence attorney expressed no objections to this decision.
Justice Emeka Nwite approved the prosecution’s request, officially discharging Gambaryan from the case.
The trial has been adjourned until November 22 for further proceedings.
