The Federal Inland Revenue Service says it is dropping the tax charges against Tigran Gambaryan, Binance’s head of financial crime compliance. TheCable understands that the charges were dropped on June 14.Confirming the development, Dare Adekanmbi, the agency’s spokesperson, said the federal government “is dropping charges against the two individuals sued along with the cryptocurrency firm, Binance”.
“Please note that the charges are being dropped against the second and the third defendants in the matter,” he added.
Speaking in a statement on Friday, Binance said the development illustrates that Gambaryan is not a decision-maker at the cryptocurrency firm.
“We are relieved that the Federal Inland Revenue Service (FIRS) has served and filed amended charges today, resulting in tax charges against Tigran Gambaryan being dropped,” the statement reads.
“Further illustrating that Tigran is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government.