Car ramming episode involving Vijay Shekhar Sharma a ‘minor’ incident: Paytm

Payments and financial services company Paytm on Sunday said the motor vehicle incident, whose founder Vijay Shekhar Sharma filed a First Information Report (FIR), was “minor”, and media reports claiming his arrest are “exaggerated”. .

A case was registered against Sharma under section 279 of the IPC for speeding or negligent driving.

“A complaint was lodged in relation to an alleged minor motor vehicle incident. There was no damage to any person or property in the said incident. Media reports claiming the nature of the arrest are exaggerated, even the vehicle The complaint against was also a petty offense under a bailable provision of law and necessary legal formalities were completed on the same day,” a Paytm spokesperson said in response to ET’s queries on the matter.

According to an article in The Indian Express, the FIR states that a Jaguar Land Rover, which was allegedly being driven by him, rammed the vehicle of the Deputy Commissioner of Police (DCP), South Delhi, Benita Marie Jacker at Aurobindo’s Mothers. Was hit outside the International School. Marg, New Delhi. The incident was reported by constable Deepak Kumar posted in Jayakar. The incident happened on February 22.

After the incident, police, with the help of the transport department, traced the car, linking it to Sharma, a resident of New Delhi’s Greater Kailash-II area, the report said.

This is another major setback for the New Delhi-based founder, as the Reserve Bank of India (RBI) on March 11 barred Paytm Payments Bank (PPB) from adding new customers due to potential gaps in its technology systems, including Sharma. owns the majority stake.

Originally published at Pen 18