Vijay Shekhar Sharma, founder of fintech startup Paytm, was allegedly arrested for ‘ramming’ his vehicle into the DCP’s car. Interestingly, Sharma was granted bail soon after the arrest. According to reports, the incident occurred earlier on February 22 when Sharma was behind the wheel of his Jaguar Land Rover. He reportedly rammed the speeding vehicle into the vehicle of DCP of Delhi Police on Aurobindo Marg, right outside The Mother’s International School.
The DCP’s vehicle driver, a man identified as Deepak, noted Sharma’s vehicle number and reported the accident. Soon, a case was filed against Sharma under Section 279 (rash or negligent driving) of the IPC. Sharma, a resident of Greater Kailash-II was asked to report at the Malviya Nagar police station and was arrested. As his offence was bailable, Sharma was released soon after.
The news comes just a few days after another shocking news was reported pertaining to Paytm. Earlier last week, the Reserve Bank of India banned Paytm from onboarding new customers for its Paytm Payments Bank platform.
The Facts of the Matter
Fintech startup Paytm has found itself in another controversial soup with reports of its founder being arrested for hitting Delhi Police DCP’s emerging recently. Interestingly, the 43-year-old entrepreneur was released soon on bail, as the offence was bailable in nature. The news comes a few days after Paytm’s credibility was under scrutiny after Reserve Bank of India banned it from onboarding new customers for its bank platform.
Paytm Founder was Driving Speeding Jaguar Land Rover
According to reports, the incident took place earlier on February 22. Allegedly, Shekhar was behind the wheel of a speeding Jaguar Land Rover when it hit the vehicle of Delhi DCP’s vehicle on Aurobindo Marg. Reportedly, the vehicle was taken to a nearby petrol pump by a Delhi Police constable Dipak Kumar.
Police Constable Noted Vehicle’s Registration Number
Reportedly, the speeding car hit the DCP’s vehicle from the side and managed to drive away. The constable had already noted down the registration number of the speeding vehicle, and soon an FIR was filed at the Malviya Nagar police station. Further, the FIR also had the constable claiming that he could identify the driver.
How Police Arrested Vijay Shekhar Sharma
The investigation led to the police discovering that the vehicle was registered with a Gurgaon-based company. On further investigation, the company revealed that it had given the vehicle to Vijay Shekhar Sharma. The police asked Sharma to report at the Malviya Nagar station and a case under Section 279 (rash or negligent driving) of the Indian Penal Code was filed.
While it’s not reported as to how long Sharma was arrested, it is confirmed that he was released soon after he was detained.
Also Read: Delhi: Robbers Loot Rs. 1 Crore on Gunpoint, Arrested After Donating Rs 1 Lakh at Temple
“Complaint Was for ‘Minor Offence”: Paytm Spokesperson
Meanwhile, a Paytm spokesperson has come out claiming that the FIR was filed under a “minor offence” which was just a “formality” completed the same day. The spokesperson further added that the reports in media of Sharma’s arrest are grossly exaggerated.
“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… Even the complaint against the vehicle was for a minor offence under a bailable provision of law and requisite legal formalities were completed on the same day,” the spokesperson was quoted saying.
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