Binance reveals man held in Nigeria is not part of company’s management team

Man detained in Nigeria, according to Binance, is not a member of company’s management team

The crypto firm has said that its employee, Tigran Gambaryan, who is currently detained in Nigeria, is not part of the company’s management team.

According to the company, Gambaryan, a U.S. citizen, only serves as a law enforcement officer and does not have the power to make decisions.

The company disclosed this in a statement sent to journalists on Wednesday.

Part of the statement read: “Tigran is a strict law enforcement professional and is not part of Binance management. While he has left the official service of the U.S. government, he has remained fully committed to the role of law enforcement officer ever since, operating as a global advocate for good governance and transparent regulatory financial practices.

“Binance respectfully requests that Tigran Gambaryan, who has no decision-making power in the company, is not held responsible while current discussions are ongoing between Binance and Nigerian government officials.”

In February, Gambaryan and his colleague, Nadeem Anjarwalla from Binance Holdings Limited, were arrested in Nigeria on suspicion of involvement in money laundering activities.

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The firm and the two employees were charged last Thursday for $35,400,000 in money laundering at the Federal High Court, Abuja.

While Gambaryan remains in custody, Anjarwalla escaped and fled the country.