The Gurugram Police have booked SpiceJet managing director (MD) Ajay Singh for allegedly duping a businessman by giving him an invalid depository instruction slip (DIS) of shares worth ₹10 lakh.
Police said a First Information Report (FIR) was registered against Singh under the Indian Penal Code’s Sections 406 (criminal breach of trust) and 420 (cheating) on July 7 on the basis of Gurugram resident Amit Arora’s complaint.
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.
