Paytm founder Sharma hit DCP vehicle, fled scene; arrested, released – Fortune India

The Delhi Police arrested Paytm founder Vijay Shekhar Sharma for allegedly ramming his car into the vehicle of South Delhi deputy commissioner of police (DCP) last month. The Paytm chief was released on bail the same day.Sharma purportedly fled the scene soon after his Land Rover hit DCP Benita Marie Jaiker’s vehicle near Mother’s International School on Aurobindo Marg in Delhi on February 22. “Offending vehicle hit the car of the complainant from behind and fled away,” the Delhi Police public relations officer told Fortune India via email.Deepak Kumar, who was driving Jaiker’s car, took down the number of the Land Rover. The police then filed an FIR for “rashness and negligent driving”.”On investigation, the offending vehicle was identified and its driver Vijay Shekhar Sharma was arrested after identification and released on bail,” the police said.Both the vehicles were impounded and mechanically inspected, they said, adding that the “investigation is in progress”.The Reserve Bank of India (RBI) on Friday ordered Paytm Payments Bank to stop onboarding of new customers with immediate effect citing certain “material supervisory concerns”.In its blog, Paym said it is taking immediate steps to comply with RBI directions. “PPBL remains committed to working with the regulator to…
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