Paytm’s Founder Arrested, Later Granted Bail For Ramming Cop’s Car

New Delhi: Paytm CEO Vijay Shekhar Sharma was arrested by the Delhi Police last month and was released later on bail in case of rash driving. The Paytm founder was allegedly driving a Jaguar Land Rover that rammed the car of District Commissioner of Police of South Delhi, police said.

According the complaint that was filed, the speeding Land Rover hit DCP Benita Mary Jaiker’s car outside Mother International School on February 22. Mr Sharma fled from the scene.

The DCP’s car was being driven by her driver, constable Deepak Kumar. The constable immediately noted down the number of the Land Rover Jeep and thereafter informed the DCP, the police official said.

After a preliminary investigation, the police found out that the car was registered to a company in Gurugram. The police were then informed by the workers in the company that the car is with Vijay Shankar Sharma, who lives in South Delhi. 

Delhi Police spokesperson Suman Nalwa confirmed that police had arrested Vijay Shekhar Sharma in a case of rash or negligent driving and later released him on bail.

Earlier this week, the Reserve Bank of India asked Vijay Shekhar Sharma-promoted Paytm Payments Bank to stop opening new accounts amid “material supervisory concerns” observed in the bank.

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