Financial Technologies India Limited (FTIL) founder Jignesh Shah was arrested by ED on Tuesday in money laundering case. The officials from Enforcement Directorate (ED) on Tuesday arrested Financial Technologies India Limited (FTIL) founder Jignesh Shah in the National Spot Exchange Limited (NSEL) money laundering case. The ED officials stated that Shah would be produced before a designated court on Wednesday for custody. The agency had registered a criminal case under the Prevention of Money Laundering Act (PMLA) in 2013 to probe the case along with Mumbai Police's Economic Offences Wing (EOW). Earlier in April this year, the agency had charge-sheeted 68 persons in connection with the case including Shah, MCX-SX's Joseph Massey and former NSEL CEO Anjani Sinha.

Source: dna July 12, 2016 17:34 UTC