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.

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

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.