The Federal Government on Wednesday withdrew the money laundering charges preferred against Binance Holdings Limited executive, Tigran Gambaryan, the company’s U.S. head of financial crime compliance.

Gambaryan and Binance’s British-Kenyan regional manager for Africa, Nadeem Anjarwalla, were facing money laundering charges to the tune of $35 million.

The charges were instituted before a federal High Court in Abuja by the Economic and Financial Crimes Commission.

Both were detained, but Anjarwalla escaped from lawful custody on March 22, 2024, while Gambaryan was arraigned in April.

Details shortly…