ProFTPD time does not show correctly on our server. After writing TimesGMT off in proftpd.conf, and restart FTP server, the time is still displaying in GMT.
Here is a way to get around this problem: insert export TZ=":/etc/localtime" into /etc/init.d/proftpd and save it. In proftpd.conf insert TimesGMT off, then restart FTP serser. It works on our server (CentOS 5.5 with ProFTPD).
Updated in 2013:
TimesGMT off is required to be placed inside <Global></Global> to be effective for some servers.