Cheating Case Against SpiceJet MD; Company Says It’s Bogus Complaint

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By: Alok Singh
Updated: July 12, 2022 11:36
SpiceJet CMD Ajay Singh (file photo)

NEW DELHI: SpiceJet Managing Director Ajay Singh and others booked in forgery in Gurugram. The complainant has accused Singh and his company of giving him a fake depository instruction slip (DIS) of 10 lakh shares for services provided by him.

A statement released by Spicejet, however, has termed the complaint frivolous.

A case under sections 406 and 420 of the IPC was registered at Sushant Lok Police station on July 7.


According to the FIR, a copy of which is with The New Indian, the complainant who is in the business of providing non-aeronautical services including airport retail and hospitality services, was approached by Singh in an effort to salvage the situation of the company after Covid.

“In lieu of that Singh promised to transfer shares to the tune of 10,00,000 shares to him. Believing such representations, and acting on them, he provided his services such as presenting the case of revival and restructuring in front of all the authorities, government…” said in the FIR.

FIR also said the complainant presented the case of Spicejet very effectively and the company was able to survive and became financially viable. “Thereafter, when he requested Singh to transfer shares as was promised to him. Instead of transferring shares, the accused Ajay Singh provided a depositary instruction slip (DIS) dated 20.10.2016….when the Complainant’s representative went to deposit the said slip, he was informed that the said slip was invalid and outdated.”

However, SpiceJet in the statement 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.”

It further said, “At no point in time was any service sought 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, it added.


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