Paytm boss held for dashing cop's car, released on bail

New Delhi: Paytm CEO Vijay Shekhar Sharma was arrested by the Delhi Police for allegedly ramming into a senior police official's car in February and later was released on bail, a senior official confirmed the incident on Sunday.

Delhi Police Spokesperson Suman Nalwa told IANS that the incident took place on February 22 in south Delhi's Malviya Nagar area.

"The accused rammed the car of south Delhi Deputy Commissioner of Police (DCP), Benita Mary Jaiker. However, the DCP was not present inside the car at the time of the incident," the official said.

Meanwhile, a Paytm spokesperson, responding to the media reports, said that a complaint was filed in connection with an alleged minor motor vehicle incident. "There was no harm caused to any person or property in the said incident. Media reports claiming the nature of the arrest are exaggerated," the spokesperson added. Sharma, 43, is the founder and Chief Executive Officer (CEO) of financial technology company Paytm. According to Forbes, he was ranked as the 62nd richest person in India in 2020.

According to the police official, the accident happened outside Mother International School, Sri Aurobindo Marg on February 22 when DCP's driver Constable Dipak Kumar had taken out the car for refueling. None was injured in the accident and DCP's driver immediately noted down the number of the alleged Land Rover that hit his car and informed DCP Jaiker about the incident, who asked him to file a complaint.