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 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.

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