Interpol's website says Mohammad Yaqub Haidari is wanted in Estonia for large-scale tax evasion dating back to 2003.
The president's office was unaware Mr Haidari had legal problems but was investigating, a spokesman said.
Mr Haidari said he was on the list but was victim of a political conspiracy.
"When you enter the world of business and politics, this is what happens," he was quoted by Reuters as saying.
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