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

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

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.

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

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.

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 Garantex crypto exchange that was allegedly used by criminals, has been arrested in India.

Aleksej Besciokov, a Lithuanian national and Russian resident, was arrested in Kerala for allegedly laundering money through his cryptocurrency exchange, Garantex

US, Germany, and Finland dismantle Russian cryptocurrency exchange Garantex; administrator arrested in India for money laundering and sanctions violations.

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,