The Kenya Police Service has reportedly arrested fleeing Binance executive, Nadeem Anjarwalla, as the International Criminal Police Organisation moves to extradite him to Nigeria.
Nadeem, was one of the two Binance executives detained in Nigeria for alleged tax evasion and other offences before he escaped on Friday, 22 March, from the Abuja guest house after guards on duty led him to a nearby mosque for prayers.
https://starlitenews.com.ng/2024/04/13/fleeing-binance-executive-anjarwalla-found-in-kenya/
Government sources familiar with the case confirmed his arrest to Punch, saying: “Binance executive, Nadeem Anjarwalla, has been arrested by the Kenya Police Service, and he would be extradited to Nigeria this week by INTERPOL.”
Another source noted “As we had said before that Anjarwalla would be extradited, he has been arrested in Kenya, and he’ll be extradited to Nigeria this week.”
Following the development, the Economic and Financial Crimes Commission, the International Criminal Police, the Nigeria Police Force, and the Kenyan Police Service are deliberating ways to quicken Anjarwalla’s extradition.
https://starlitenews.com.ng/2024/04/04/court-adjourns-binance-tax-evasion-case/
A criminal charge was filed against the two executives Tigran Gambaryan and Nadeem Anjarwalla before a Magistrate Court in Abuja.
On 28 February 2024, the court granted the Economic and Financial Crimes Commission (EFCC) an order to remand the duo for 14 days. The court also ordered Binance to provide the Nigerian government with the data/information of Nigerians trading on its platform.
Following Binance’s refusal to comply with the order, the court extended the remand of the officials for an additional 14 days to prevent them from tampering with evidence.
https://starlitenews.com.ng/2024/03/29/binance-executives-sue-nsa-efcc-over-rights-violatio
Also on 22 March, the Nigerian government approached the Federal High Court in Abuja and slammed another four-count charge on Binance Holdings Limited, Mr Anjarwalla, and Mr Gambaryan, accusing them of offering services to subscribers on their platform while failing to register with the Federal Inland Revenue Service to pay all relevant taxes administered by the Service and in so doing, committed an offence, contrary to and punishable under Section 8 of the Value Added Tax Act of 1993 (as Amended).
The defendants were also accused of offering taxable services to subscribers on their trading platform while failing to issue invoices to those subscribers to determine and pay their value-added taxes and, in so doing, committed an offence contrary to and punishable under S.29 of the Value Added Tax Act of 1993 (as amended).
