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This has been a long time coming!

Oscar-winning director Roman Polanski was arrested Saturday by Swiss police upon arriving in Zurich - where he was set to receive an honorary award at the Zurich Film Festival - and taken into custody, the AP reports...

The 76-year-old fled the U.S. in 1978 after pleading guilty to unlawful sexual intercourse with a 13-year-old girl. Authorities have sought his arrest around the world since 2005.

"There was a valid arrest request and we knew when he was coming," says Swiss Justice Ministry spokesman Guido Balmer. He also says the U.S. would now have to make a formal extradition request.

Polanski - famous for directing Rosemary's Baby, as well as The Pianist - has lived in France the past 30 years. He's married to Emanuelle Seigner and has two children.