A case of cheating and fraud has been registered against SpiceJet Chairman and Managing Director Ajay Singh and others for allegedly cheating a Gurugram resident by delivering fake share certificates to him.
The complainant Amit Arora, a resident of The Magnolias, Golf Links, Golf Course Road, Gurugram started in his police complaint that Singh had delivered a fake depository instruction slip (DIS) of 10 lakh shares for services provided to him.
The case has been registered under Sections 420 (cheating and dishonestly inducing delivery of property) and 406 (criminal breach of trust) of the Indian Penal Code (IPC) was registered at the Sushant Lok police station on July 7.The Complainant is in the business of providing non-aeronautical services including airport retail and hospitality services. Arora told the police that in 2015, the erstwhile promoters of Spicejet i.e. Kalanithi Maran and Kal Airways Private Limited entered into a Share Sale and Purchase Agreement with the accused Ajay Singh wherein their entire shareholding was transferred to him. "Singh told him to take over, the company as it was in a 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. To survive, the said company required a complete overhaul and financial restructuring," Arora told the police.
In place of the same, Singh promised to transfer shares to the tune of 10,00,000 shares to the Complainant. Thereafter, the complainant worked in good faith and delivered his services in helping Singh take over the company. In October 2016, the Complainant requested Singh to transfer shares as was promised to him. Instead of transferring shares, Singh provided a DIS. Singh represented that to deposit such slip with his depository participant, Global Capital Markets Limited. However, when the Complainant’s representative went to deposit the said slip, he was informed that the said slip was invalid and outdated.
"A case of fraud related to delivering a fake DIS of 10 lakh shares for services provided to the complainant has been registered against SpiceJet Chairman and Managing Director Ajay Singh and others. We are probing all related documents related to the matter. Action will be taken as per the prescribed law," Poonam Hooda, station house officer (SHO) of Sushant Lok Police Station said.
"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 Mr Ajay Singh's image. At no point has the company sought any service from him, nor did he ever provide any kind of service to SpiceJet. Neither Mr 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. A defamation suit will be filed against the complainant by SpiceJet and Mr Singh," SpiceJet spokesperson said.