Thiruvananthapuram: Aleksej Besciokov, a Lithuanian national who was wanted by US authorities for money laundering through a cryptocurrency exchange and arrested by the Kerala police along with the Central Bureau of Investigation will be extradited to the US on a priority basis,

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

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

Police in India have arrested a cryptocurrency exchange administrator wanted in the US for alleged money laundering and sanctions violations, the country's top investigative agency said.

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.

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

In a coordinated action with the aid of the International Police Cooperation Unit of CBI, Kerala Police have arrested a wanted criminal, Aleksej Besciokov of the USA from Thiruvananthapuram, who was planning to flee from the country,