Nigeria charges Binance and two executives with tax evasion, adding a dramatic twist as one executive flees the country following detention.
Charges include allegations of non-payment of value-added tax, income tax, failure to file tax returns, and complicity in aiding tax evasion via Binance's platform.
Executives Tigran Gambaryan and Nadeem Anjarwalla were in custody since February, with Anjarwalla managing to escape custody last week, prompting a search.
Nigerian officials have raised concerns about Binance's operations, linking it to illicit financial flows and disruptions to the country's exchange rate.
Binance faces a series of legal and regulatory challenges globally, including a recent $4.3 billion settlement with the U.S. government and regulatory issues in India.