SpiceJet director booked for allegedly duping businessman of lakhs

A case of fraud has been registered against the chairman and managing director of an airline for allegedly cheating a businessman of crores of shares on the pretext of allotting him the companys sharesThe person named in the FIR is identified as Ajay Singh Chairman and Managing Director of SpiceJet LimitedAs per the complainant Amit Arora claimed that in lieu of services provided to him Ajay Singh had promised to transfer shares worth Rs 10 lakhSpiceJet 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 1000000 shares to the Complainant read the complaintAlso read SpiceJet refutes reports of windshield crack and surprise check by DGCAThereafter the Complainant requested the accused Ajay Singh to transfer shares as was promised to him Instead of transferring shares the accused Ajay Singh provided a depositary instruction slip DIS which was later found to be invalid by the complainant it saidResponding to the allegations a SpiceJet spokesperson called the complaint completely bogus and mischievous and said that a defamation case will be fined against Amit Arora by SpiceJet and Ajay SinghA frivolous mischievous and completely bogus complaint has been filed by a liquor dealer Amit Arora with the Gurgaon police with an intention to hurt SpiceJet and Mr Ajay Singhs image At no point in time was any service sought from him nor did he ever provide any kind of service to SpiceJet Neither Mr Singh nor any concerned person from SpiceJet has ever met the complainant for any work nor is there any written agreement between them We are confident that the police investigation will prove the same and the FIR will be quashed said SpiceJet SpokespersonThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever