Lagatar24 Desk
New Delhi, July 12: The chairman and managing director of Spicejet airline, Ajay Singh, has been charged with a fraud case for allegedly defrauding a businessman of lakhs of shares under the guise of allocating him company stock.
According to the complainant Amit Arora, Ajay Singh offered to transfer shares worth Rs. 10 lakh in exchange for the services he gave to him.
“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,” read the complaint.
Defamation charges would be brought against Amit Arora by SpiceJet and Ajay Singh, according to a SpiceJet representative who labelled the complaint ‘completely bogus and mischievous’ in response to the accusations.
“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,” it added.
“Neither Ajay 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,” said SpiceJet Spokesperson.
