SpiceJet MD Ajay Singh booked for allegedly duping businessman

• Image Credit: Internet

• Jul 12, 2022 | Dhupali Das

The complainant stated he asked Singh to transfer shares as promised but instead received a depository instruction slip...

Digital Desk: Based on a complaint from a Gurgaon resident, Gurgaon Police have filed an FIR against Ajay Singh, the chairman and managing director of SpiceJet Limited.

Amit Arora, a consultant in the aviation industry, filed the FIR on July 7, alleging that SpiceJet was in serious financial trouble in 2016 at the time of its takeover. "… the company required an overhaul and financial restructuring… the accused approached the complainant to salvage the situation. In lieu of the same, he promised to transfer… 10,00,000 shares to the complainant… The complainant provided his services such as presenting the case of revival and restructuring in front of all authorities/government…," stated the complainant in the FIR.

The complainant stated he asked Singh to transfer shares as promised but instead received a depository instruction slip (DIS). "When my representative attempted to deposit the aforementioned slip, he was told that the slip was outdated and ineligible," he claimed. 

Defining the lawsuit as "frivolous, malicious, and utterly fake", a spokesperson of SpiceJet said, "The claimant never offered any services to SpiceJet, and the firm never sought any services from him. There is no written agreement between them, and neither Singh nor anybody else from SpiceJet has ever met the complaint for any work. We are optimistic that the investigation by the police will support this and that the FIR will be dismissed." 

"We received a complaint, and a FIR has been filed. It was registered in under IPC sections 406 (criminal breach of trust) and 420  (cheating)," said SHO, Sushant Lok police station.