Authorities in Taiwan have arrested a fugitive Zimbabwean banker on an Interpol warrant.

Taiwanese investigators say they took Nicholas Mugawaga Vingirai into custody Wednesday, after getting a tip he would be at a Taipei hotel.

Authorities turned him over to Taiwan's National Immigration Agency to arrange his deportation to Zimbabwe.

Vingirai says he was in Asia on a business trip.

He is accused of money laundering, fraud and stealing more than $14 million from his former employer, Intermarket Holding Company, between August 2003 and February of 2004.

Vingirai fled Zimbabwe before the company collapsed in 2005.