Nigerian court postpones money laundering trial of Binance and execs

A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents.

The trial of Tigran Gambaryan, a Binance executive detained in Nigeria since February, has reportedly been postponed until May 17 after another delay in court.

According to a May 2 Reuters report, lawyers representing Binance said they had not received documents necessary to move forward with a money laundering case involving the firm, Gambaryan, and regional manager Nadeem Anjarwalla. The trial was expected to begin on May 2, but a judge reportedly adjourned proceedings until May 17 to allow the legal team to review the documents.

The trial is separate from tax evasion charges brought against Binance, Gambaryan and Anjarwalla by Nigeria’s Economic and Financial Crimes Commission. All parties have pleaded not guilty in the money laundering case. A bail hearing for Gambaryan is scheduled for May 17.

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