Binance Executive Nadeem Anjarwalla Reportedly Detained in Kenya After Fleeing Nigeria
Summary:
Nadeem Anjarwalla, a Binance cryptocurrency exchange executive with British and Kenyan citizenship, was allegedly arrested in Kenya after escaping from Nigeria in March. Anjarwalla, alongside fellow Binance executive Tigran Gambaryan, initially travelled to Nigeria following allegations of the exchange manipulating Nigeria's currency, the naira. Both were arrested but Anjarwalla managed to escape Nigeria, reportedly using his Kenyan passport. Nigerian officials have continued pressing charges against the exchange and Gambaryan. The former CEO of Binance, Changpeng Zhao, is expected to be sentenced in the U.S. on a separate case.
Nadeem Anjarwalla, a national of both Britain and Kenya, currently serving at Binance cryptocurrency exchange, has allegedly been held under arrest in Kenya, subsequent to evading Nigeria in March. As per numerous reports from Kenyan news resources dated April 22, local law enforcement seized Anjarwalla, and it's probable they will deport the executive from Binance to Nigeria to respond to the criminal charges. Anjarwalla is said to have eluded capture in Nigeria on March 22, post his visit to a mosque for prayers, leaving the country using his Kenyan passport. The authenticity of the arrest claims in Kenya hasn't been confirmed by Cointelegraph. Nigeria was the destination of Anjarwalla's original journey in February alongside Binance colleague Tigran Gambaryan, following allegations claiming the exchange tampered with Nigeria's official currency, the naira. Both men were detained by authorities in reaction to Binance's declaration of plans to halt all transactions using the naira.
Details surrounding Anjarwalla's escape from Nigeria remain speculative. Some reports propose he managed to board a flight departing from Nigeria's capital, Abuja, utilizing his Kenyan passport, since law enforcement only took possession of his British travel documents. Amid Anjarwalla's absence, Nigerian officials have proceeded with pressing charges against both the exchange and Gambaryan. This executive from Binance has denied guilt in response to charges of evading taxes and money laundering, with the case resuming in court on April 19 following a short postponement. A petition has been put forth by Gambaryan's spouse aiming to have him sent back to the U.S., with the claim that he is an "innocent bystander caught in someone else's scheme."
Binance has stated that he possessed "no authority to make decisions within the company," and called for him to be absolved of any responsibility for Binance's operations within Nigeria. Anticipated to receive sentencing in the U.S. on April 30 under a separate case, Changpeng Zhao, ex-CEO of Binance, faces a possible maximum of 10 years imprisonment, following his guilty plea to a criminal charge.
Published At
4/22/2024 6:10:43 PM
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