The Managing Director of SpiceJet airline, Ajay Singh, was booked in Gurugram for duping a businessman on the pretext of allotting him company shares, police said on Monday. The complainant has claimed that Mr. Singh has defrauded others in a similar manner.
SpiceJet on Tuesday said the complaint of alleged fraud was “completely bogus” and a defamation suit will be filed against the complainant.
In his complaint, Amit Arora has alleged that Mr. Singh delivered a fake depository instruction slip (DIS) of shares worth ₹10 lakh for services provided to him. He said that Mr. Singh had promised him to share with him shares worth ₹10 lakhs of SpiceJet in lieu of the services Mr. Arora provided him during the time he took over the airline from the promoters.
“Ajay Singh provided a depository instruction slip which, later turned out to be invalid and outdated. Thereafter, I approached him multiple times and requested him to either provide valid depository instruction slip or transfer shares directly. However, on pretext or the other, he refused to transfer me shares,” Mr. Arora said in his complaint.
I had no option left but to press charges against Mr. Singh, he added.
Police registered a case under sections 406, 409, 415, 417, 418, 420 of the IPC at Sushant Lok police station.
“FIR has been registered and we are verifying the facts and action will be taken as per the law,” said inspector Poonam Hooda, SHO of Sushant Lok police station.
SpiceJet slams complaint as ‘bogus’
A spokesperson of the airline responded to the complaint with a status, saying: “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.”
The airline spokesperson also said neither Mr. Singh nor any person concerned from the airline has ever met the complainant and that there is no written agreement between them.
“We are confident that the police investigation will prove the same and the FIR will be quashed. A defamation suit will be filed against the complainant by SpiceJet and Singh,” the spokesperson said.
Shares of SpiceJet were down 0.64% at ₹38.85 apiece in morning trade on BSE.
