SpiceJet turbulence: MD Ajay Singh booked by Gurgaon police, find out why

SpiceJet turbulence: Latest turbulence in SpiceJet is not mid air but on the groupnd. The Managing Director of SpiceJet Ajay Singh, was booked by Gurugram police for duping a businessman worth crores of rupees on the pretext of allotting him company shares.

The police stated that the complainant has claimed that Singh has defrauded others in a similar manner.

In his complaint, Amit Arora has alleged that Singh delivered a fake depository instruction slip (DIS) of shares worth Rs 10 lakh for services provided to him.

He said that Singh had promised him to share him shares worth Rs 10 lakhs of Spicejet in lieu of the services 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"Ajay Singh provided a depository instruction slip which, later turned out to be invalid and outdated.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," Arora said in his complaint.

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I had no option left but to press charges against Singh, he added.

Police registered 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.