Binance CEO Expresses Strong Support for Detained Colleague and Urging Release.
The continuous arrest of Tigran Gambaryan, the exchange’s compliance officer, in Nigeria has caused Binance CEO Richard Teng great anxiety.
According to reports, Gambaryan and Binance’s Regional Manager for Africa, Nadeem Anjarwalla, were allegedly asked by Nigerian officials to participate in collaborative policy sessions in February, but were subsequently detained without proper protocol. Despite Anjarwalla’s purported escape, Gambaryan remains in custody in the nation on suspicion of tax cheating.
First brought to light in a May 7 blog post, the matter was raised by Richard Teng, who noted that the detention of Gambaryan by the Nigerian authorities had established a worrying precedent.
“The practice of inviting middle-level staff to policy meetings for collaboration and then detaining them sets a worrying precedent for businesses throughout the globe,” Teng said.
Teng stated that the compliance chief did not travel to Nigeria in his capacity as a “decision-maker” or “negotiator,” suggesting that he might not be held responsible for talks concerning Binance’s operations in the country, while stating that Gambaryan was “innocent and must be released.”
“Once Tigran returns to his family, Binance will execute the identical procedure that we have previously undertaken voluntarily with the Nigerian law enforcement community over 600 times.” Bad actors are not welcome on our platform, and we will constantly strive to safeguard innocent users,” Teng stated.
Following Binance’s comparable March 3 appeal, Teng has pleaded with the Nigerian authorities. According to the exchange, Gambaryan had “no decision-making authority in the firm” and the government should refrain from prosecuting him for alleged tax evasion and manipulation of the naira exchange rate.
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