Mumbai, Sep 20 (IANS): The CBI on Tuesday arrested Financial Technologies of India Ltd founder-owner Jignesh Shah and carried out raids at nine locations including his offices and home, an official said here.
The action is part of an ongoing investigation and the Central Bureau of Investigation said it has recovered incriminating documents pertaining to shares transfer by private companies, FDRs, and purchase of assets which are being scrutinized.
The CBI action comes barely two months after the Economic Offences Wing of Mumbai attached FTIL's assets worth over Rs 7,000 crore on July 24.