SpiceJet MD Ajay Singh Booked For Duping Businessman Over Company Shares
In his complaint, Amit Arora has accused Singh of providing him a fake depository instruction slip (DIS) of shares worth Rs 10 lakh in exchange of services given to him
The Managing Director of SpiceJet airline has been pressed with charges for duping a businessman crores of rupees on the pretext of allotting him company shares, the police said on Monday. In his FIR, the victim has claimed that Singh has defrauded others in a similar manner, reported news agency PTI.
In his complaint, Amit Arora has accused Singh of providing him a fake depository instruction slip (DIS) of shares worth Rs 10 lakh in exchange of services given to him.
Arora claimed that Singh had promised him shares worth Rs 10 lakhs of SpiceJet in lieu of the services Arora gave to 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"Ajay Singh provided a depository instruction slip which, later turned out to be invalid and outdated.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," Arora wrote in his complaint, as reported by PTI.
I had no option left but to press charges against Singh, he added. A case has been registered 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 in New Delhi, reported PTI
Meanwhile, the Indian budget airline SpiceJet on Monday dismissed reports claiming the windshield of its Chennai-Shirdi flight had cracked minutes after its departure from Chennai on July 10. It also denied claims that a SpiceJet flight from Mumbai to Srinagar was delayed for six hours on July 9 because of DGCA's surprise audit of the aircraft, reported news agency NI
Recently, the DGCA issued a show-cause notice to SpiceJet in connection to the degradation of the safety margins of its aircraft.
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