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.

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

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.

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.

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,