Paytm founder Vijay Shekhar Sharma was arrested by the Delhi Police in February this 12 months in a hit-and-run case. In line with studies, the billionaire businessman was driving his Jaguar Land Rover when he hit a automobile belonging to the District Commissioner of Police of South Delhi close to Mom Worldwide College on 22 February.
On the time of the incident, DCP Benita Mary Jaiker’s automobile was being pushed by her driver, Constable Deepak Kumar, who famous down the registration variety of Sharma’s automobile. Kumar had instantly alerted the DCP in regards to the incident.
The Delhi Police launched an investigation and traced an organization in Gurgaon in Haryana because the proprietor of the Land Rover. The corporate informed the cops that the automobile was with Sharma, who resides in south Delhi’s Larger Kailash-II space.
In line with media studies, Delhi Police spokesperson Suman Nalwa confirmed that the Paytm founder was later arrested for rash and negligent driving. He was later granted bail.
Sharma’s firm, Paytm, confirmed the report of his arrest however stated that the media had indulged in exaggeration. “A criticism was filed in reference to an alleged minor motorized vehicle incident. There was no hurt prompted to any particular person or property within the stated incident. Media studies claiming the character of the arrest are exaggerated, as even the criticism in opposition to the car was for a minor offense underneath a bailable provision of regulation and requisite authorized formalities have been accomplished on the identical day,” a Paytm spokesperson was quoted by NDTV as saying .
The Reserve Financial institution of India had final week banned Paytm Fee Banks, headed by Vijay Shekhar Sharma, from accepting new clients amid ‘materials supervisory considerations.’