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.

A man wanted by the US for ₹83,00,00,00,00,000 crypto fraud was arrested in Kerala. Aleksej Besciokov, co-founder of Garantex, was taken into custody while vacationing. He allegedly laundered billions through cybercriminal networks.

The Kerala police, along with the Central Bureau of Investigation (CBI), on Tuesday, March 11, arrested Aleksej Besciokov, a Lithuanian national who was wanted

The CBI, in its statement, said that the United States had submitted a request, acting on which the MEA got provisional arrest warrant. Later, the CBI and Kerala Police arrested the Lithuanian national.

Police in the Indian state of Kerala arrested a Lithuanian national who is wanted in the US for running Garantex, a sanctioned crypto exchange.

The Central Bureau of Investigation and the Kerala Police have arrested a Lithuanian individual whom the United States wanted for setting up cryptocurrency exchange Garantex, allegedly to launder the proceeds of criminal activities from a homestay located in the southern town of Varkala.

CBI said that a request had been submitted by the USA to trace and arrest the Lithuanian. The cooperation comes close on the heels of 26/11 co-conspirator Tahawwur Rana’s extradition to India