Ajay Singh allegedly gave Amit Arora a phoney depository instruction paper (DIS) for shares worth Rs. 10 lakh in exchange for services rendered, according to Amit Arora’s complaint.
According to police, the managing director of SpiceJet airline was arrested here for defrauding a businessman out of crores of rupees under the pretence of giving him company stock. According to the complainant, Ajay Singh has committed similar fraud against other people.
Ajay Singh allegedly gave Amit Arora a phoney depository instruction paper (DIS) for shares worth Rs. 10 lakh in exchange for services rendered, according to Amit Arora’s complaint.
According to him, Singh promised to provide him SpiceJet shares worth Rs. 10 lakhs in exchange for the assistance Arora gave him when 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“Ajay Singh provided a depository instruction slip which later turned out to be invalid and outdated.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 one pretext or the other, he refused to transfer me shares,” Arora said in his complaint.
I was forced to accuse Singh because I had no other choice, he said.
At the Sushant Lok police station, officers filed a case under IPC sections 406, 409, 415, 417, 418, and 420.
SpiceJet issued a press statement calling the complaint frivolous, mischievous, and completely bogus. It added the complainant got the FIR registered to hurt Singh and the company. The company said that a defamation suit will be filed against the complainant and they expected the FIR to be quashed.
Poonam Hooda, in charge of Gurugram’s Sushant Lok police station, 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,” she said.
