Gurugram, Jul 11 (PTI) The Managing Director of SpiceJet airline was booked here for duping a businessman worth crores of rupees on the pretext of allotting him company shares, police said on Monday.

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

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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.

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"Ajay Singh provided a depository instruction slip which, later turned out to be invalid and outdated.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.

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.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)