Fraud Complaint Filed Against SpiceJet MD Ajay Singh For Giving Fake Share Certificates

Ajay Singh, the chairman and managing director of SpiceJet, and others have been charged with fraud for allegedly scamming a resident of Gurugram by giving him forged share certificates. Amit Arora, the complainant, claimed that Singh gave him a fake depository instruction sheet (DIS) for 10 lakh shares as payment for his services. The allegation was later deemed "frivolous, mischievous and bogus" by SpiceJet.