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Ayab Khan (27), is considered one of Britain's most wanted men for killing Amarjit Singh (52), and his nephew Rajinder Singh (35), near their hotel in Forest Gate.
A Briton, who killed two Indian-origin businessmen in London in 2003 and figures in the most wanted list of Scotland Yard, has been arrested in Dhaka and efforts are being made to seek his extradition to Britain.
Ayab Khan (27), is considered one of Britain's most wanted men for killing Amarjit Singh (52), and his nephew Rajinder Singh (35), near their hotel in Forest Gate.
Scotland Yard is now seeking his formal extradition to Britain following the arrest in Bangladesh's capital.
Khan was reportedly detained as he was on his way to an airport.
"A man believed to be Ayab Khan was arrested on Thursday, August 5 in Dhaka by Bangladeshi authorities. The arrest was made on behalf of the Metropolitan police service. We will now seek the man's formal extradition to the UK," a metropolitan police spokesman said.
The police had offered a reward of £10,000 for information leading to Khan's arrest and conviction.
In 2004, he was placed on Scotland Yard's most wanted list.
The two victims were shot with an Uzi-style machine gun following an argument over parking.
Speaking after the incident in 2003, detective superintendent Maureen Boyle, had said: "Shortly before our victims were killed in Atherton Mews, there were two vehicles blocked by them in that mews, a blue or green Honda Civic hatchback and a dark blue Volkswagen Golf.
"These two vehicles had been beeping horns, trying to attract attention because they were blocked in. Amarjit Singh eventually came out and moved the vehicles. The Honda drove off. Before the Volkswagen drove off, there was a heated argument between Rajinder Singh and the driver of that blue Volkswagen."
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