Binance executive arrested in Kenya after fleeing Nigeria

Nadeem Anjarwalla, a Binance executive who fled to Kenya from Nigeria where he was detained last month, has been arrested.

Binance executive arrested in Kenya after fleeing Nigeria

The Kenya Police Service announced the arrest of Binance executive Nadeem Anjarwalla, who fled Nigeria. In a statement, it was reported that Anjarwalla will be returned to Nigeria this week by Interpol.

The Binance executive escaped on his way to Friday prayers in Nigeria, where he had been detained in recent weeks. Interpol then stepped in, and all relevant institutions in Kenya were mobilized for his arrest.

Nadeem Anjarwalla

Nigeria accuses Anjarwalla, along with another Binance executive, Tigran Gambaryan, of manipulating the country’s local currency, the naira. Binance is also charged with tax evasion and money laundering amounting to $35,400,000.

Nigeria demanded $10 billion in fines from Binance, and although Binance announced that it was ready to work with the government, it did not agree to pay the fine.

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