Besciokov is charged with money laundering conspiracy, conspiracy to violate sanctions and conspiracy to operate an unlicensed money transmitting business.

The Indian Intelligence authorities arrested a Russian resident accused of involvement with Garantex, a cryptocurrency exchange. The exchange is said to help criminal entities such as terrorists and drug traffickers launder their money.

Garantex co-founder Aleksej Besciokov was arrested in India's Kerala on Tuesday, U.S. and Indian officials tell TechCrunch.

Aleksej Besciokov, co-founder of the cryptocurrency exchange Garantex, was apprehended by Varkala Police in Kerala for his alleged involvement in mone

The Kerala police has arrested Aleksej Besciokov in a money laundering case. The 46-year-old man was vacationing in Kerala’s Varkala, a popular beach destination for tourists. Besciokov is wanted by the US Department of Justice in a fraud case involving cryptocurrency accounts.

Aleksej Besciokov, along with his co-conspirators, is accused of using the Garantex cryptocurrency exchange to launder the proceeds of the criminal activity, including Ransomware, Computer Hacking and Narcotics Transactions.

Indian authorities arrested Aleksej Besciokov, the co-founder and one of the administrators of the Russian Garantex crypto-exchange while vacationing with his family in Varkala, India.

Aleksej Besciokov, co-founder of the Garantex crypto exchange that was allegedly used by criminals, has been arrested in India.

Authorities in India have arrested a cryptocurrency exchange administrator wanted by the US for allegedly helping cybercriminals launder money and violate sanctions. Aleksej Besciokov, a Lithuanian citizen and Russian resident, was arrested in the southern state of Kerala on Tuesday, India's top investigative agency said.

Indian authorities, acting on a US request, arrested Aleksej Besciokov, a Lithuanian national and co-founder of the sanctioned Garantex cryptocurrency