Mumbai: A case has been registered against SpiceJet’s Managing Director Ajay Singh for cheating of crores of rupees in the name of allotting shares of the company with a businessman. The police informed about this. The complainant has claimed that Singh has similarly cheated others. On Tuesday SpiceJet said the complaint of alleged fraud filed by an individual against airline’s Chairman Ajay Singh was “completely bogus” and a defamation suit will be filed against the complainant.
Amit Arora in his complaint has alleged that Singh gave fake Depository Instruction Slip (DIS) of 10 lakh shares for the services rendered to him. He said that Singh had promised him one million shares of SpiceJet. These shares were to be given to Arora in return for the services rendered by him. Arora had provided these services while taking control of the airline from the promoters. SpiceJet was in dire financial difficulty in terms of fuel charges with various oil companies, pending statutory dues, pending air fleet parking charges, pending salaries, other vendor Payments etc in 2015.
In order to survive, the said company required a complete overhaul and financial restructuring, the accused Ajay Singh approached the Complainant in an effort to salvage the situation. In lieu of the same, the accused Ajay Singh promised to transfer shares to the tune of 10,00,000 shares to the Complainant,” read the complaint. Arora said he met Singh in May 2019 and the MD took the alleged invalid slip back with a promise to provide a fresh one. He added Singh allegedly kept delaying it citing a dispute.
An airline spokesperson said in a statement, “A frivolous, mischievous, and completely bogus complaint has been filed by a liquor dealer Amit Arora with the Gurugram police with an intention to hurt SpiceJet and Ajay Singh’s image.” Police said a First Information Report (FIR) was registered against Singh under the Indian Penal Code’s Sections 406 (criminal breach of trust) and 420 (cheating) on July 7 on the basis of Gurugram resident Amit Arora’s complaint.
In charge of Gurugram’s Sushant Lok police station, Poonam Hooda said that they registered the case after conducting a preliminary investigation. “No arrests have been made so far and we are conducting technical as well as other investigations. We have recovered all the evidence from the complainant and his statement has been recorded,” he said.