SpiceJet director booked for ‘duping’ businessman of lakhs

By Shefali Kohli -- July 12, 2022 12:06 pm -- Updated:July 12, 2022 12:06 pm

Gurugram (Haryana) [India], July 12: SpiceJet has been again in controversy as a case of fraud has been registered against the cha irman and managing director of SpiceJet for allegedly cheating a businessman of crores of shares on the promise of allotting him the company's shares.

The person booked over cheating case has been identified as Chairman and Managing Director of SpiceJet Limited, Ajay Singh.

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As per the complainant, Amit Arora claimed that in lieu of services provided to him Ajay Singh had promised to transfer shares worth Rs 10 lakh.

The statement of complaint reads, "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."

"Thereafter, 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 said.

In reply to the allegations and complaint by Amit Arora, SpiceJet spokesperson stated the complaint as completely bogus and mischievous and said that a defamation case will be fined against Amit Arora by SpiceJet officials.

Furthermore, SpiceJet spokesperson also added, "A 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 Ajay Singh's image.”

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“At no point in time was any service sought from him nor did he ever provide any kind of service to SpiceJet. Neither 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," he added.

-PTC News

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