Binance Holdings Ltd, a global cryptocurrency trading platform has accused Nigerian authorities of demanding for a large amount of money as a bribe to make the money laundering trial initiated against two of its executives go away.
Binance, Tigran Gambaryan, a U.S. citizen and head of financial crime and Nadeem Anjarwalla, a British Kenyan, are facing trial for laundering more than $35 million.
The suit was filed by Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC).
Teng said Gambaryan and his colleague Nadeem Anjarwalla, who later escaped from custody, were given repeated assurances they would be granted safe passage.
“To invite a company’s mid-level employees for collaborative policy meetings, only to detain them, has set a dangerous new precedent for all companies worldwide,” he said.