At US request, India arrests crypto administrator accused of money laundering

At US request, India arrests crypto administrator accused of money laundering
Representations of cryptocurrencies are seen in this illustration. (Reuters/File)
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Updated 13 March 2025

At US request, India arrests crypto administrator accused of money laundering

At US request, India arrests crypto administrator accused of money laundering
  • The exchange has processed at least $96 billion in cryptocurrency transactions since April 2019, the US Justice Department said last week

WASHINGTON: Indian authorities arrested at Washington’s request a cryptocurrency exchange administrator accused of money laundering conspiracy and violating sanctions, India’s top crime fighting bureau said on Wednesday.
The United States, Germany and Finland took down the online infrastructure used by the Russian cryptocurrency exchange Garantex, the US Justice Department said last week, adding that two administrators of the exchange were charged.
One of those administrators was Aleksej Besciokov, a Russian resident and Lithuanian national who was charged with money laundering and also faced accusations of violating sanctions and operating an unlicensed money-transmitting business, the Justice Department said on Friday.
Besciokov was arrested in the southern Indian state of Kerala, India’s Central Bureau of Investigation said, adding he was wanted by US authorities. The CBI said that at Washington’s request, India’s foreign ministry had a provisional arrest warrant issued.
It added Besciokov was planning to flee India. It was not immediately clear why he was in India. Washington is expected to pursue Besciokov’s extradition. His representative could not immediately be reached.
“I can confirm Aleksej Besciokov, one of the administrators of Garantex, was arrested in India at the request of the United States,” a US Justice Department spokesperson told CNN.
The exchange has processed at least $96 billion in cryptocurrency transactions since April 2019, the US Justice Department said last week.
Garantex was sanctioned by the US in April 2022.
Blockchain research company TRM Labs said in a blog post last week that the takedown of Garantex “marks a major milestone in the fight against illicit finance” but cautioned that sanctioned exchanges often attempt to evade restrictions by creating new entities.


Observation mission says Tanzanian election did not comply with AU standards

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Observation mission says Tanzanian election did not comply with AU standards

Observation mission says Tanzanian election did not comply with AU standards
  • President Samia Suluhu Hassan won the October 29 poll with 98 percent of the vote 
  • The opposition, which was barred from participating, branded the election a “sham”

NAIROBI, Kenya: African Union election observers said late Wednesday that the integrity of Tanzania’s recently concluded elections was “compromised,” citing incidents of “ballot stuffing at several polling stations.”
President Samia Suluhu Hassan won the October 29 poll with 98 percent of the vote, according to the electoral commission, but the opposition, which was barred from participating, branded the election a “sham.”
Violent protests broke out across the country on election day.
The government responded with a total Internet blackout and transport shutdown, and the opposition says hundreds were killed by security forces, though getting verified information remains difficult despite an easing of restrictions.

The AU Election Observation Mission said its observers witnessed voters being issued multiple ballots, with some allowed to cast their votes without their identities being verified against the registry.
“The 2025 Tanzania General Elections did not comply with AU principles, normative frameworks, and other international obligations and standards for democratic elections,” reads the initial report from the AU mission.
The mission said its observers were restricted from monitoring the vote count, noting that this “limited transparency.”
It added that in some polling stations observers “were asked to only observe voting for five minutes.”
The report also noted violent protests, gunfire, road closures, and tire burning in areas such as Dar es Salaam, Mbeya, Mwanza, Kagera, Dodoma, Kigoma, Tebora, Buhungwa, Singinda, among others.
The AU urged Tanzania to “prioritize electoral and political reforms to address the root causes of its democratic and electoral challenges.”
On Monday, African poll observers released an initial report saying Tanzanians had been unable to “express their democratic will” due to the barring of opposition candidates, censorship and intimidation, as well as signs of rigging on election day.