The long arm of law is catching up with Jignesh Shah, founder promoter of Financial Technologies India or FTIL (at present 63 Moons), a company that provides technical and software solutions for online trading. CBI has charged Shah under IPC sections related to criminal conspiracy and cheating besides provisions of Prevention of Corruption Act for alleged abuse of official position. The case relates to getting extension of recognition for MCX-SX in 2009. According to CBI, Shah, in connivance with some Sebi officials, suppressed material facts to get the extension. This is the second time Shah is getting arrested this year. In July, the Enforcement Directorate (ED) arrested him under the provisions of the Prevention of Money Laundering Act in connection with the Rs 5,600 crore NSEL scam