July 13, 2016
The Enforcement Directorate (ED) on Tuesday arrested Financial Technologies India (FTIL) founder Jignesh Shah(pictured) under section 19 of the Prevention of Money Laundering Act (PMLA). “He (Shah) is arrested for non-cooperation in the investigation. He will be produced before the SpecialPMLA court on Wednesday morning,” said a senior official of ED.
“We have found clear evidence of money laundering against the accused, including Shah, so we will seek his custody,” added the ED official.