The Delhi Police last month arrested Paytm CEO Vijay Shekhar Sharma for speeding after the car of the District Police Commissioner (South Delhi) rammed into a luxury car. Sharma was later released after a court granted bail.
On February 22, the day of the incident, Sharma was driving a Jaguar Land Rover, which rammed into the vehicle of DCP Benita Marie Jacker outside The Mother’s International School.
The business tycoon had fled from the spot.
Constable Deepak Kumar, who was driving Jayakar’s car, took down the Land Rover number and informed the DCP, who started the investigation.
After preliminary investigation, it was found that the car that hit Jayakar’s vehicle was registered with a company in Gurugram and later the police got information that it belonged to Sharma, a resident of South Delhi.
Delhi Police Spokesperson Suman Nalwa said Indian Express that Sharma was “arrested and released on bail”.
Meanwhile, Constable Kumar said, “Constable Pradeep, an operator, was with me when we reached Mother’s International School and found a traffic jam there. I saw a gathering of people dropping their children (for school). I slowed down and asked Pradeep to get down to clear the traffic.
“I was waiting when a car came from the side at high speed and hit my vehicle. Haryana’s registration number plate was there and the person managed to evade the vehicle. Our vehicle got damaged and Pradeep asked me to park it on the side of the road. We informed our DCP and he asked me about the car. We told him that we have noted down the number and then we have lodged an FIR at Malviya Nagar police station.”
Meanwhile, Paytm Payments Bank on Saturday said it is taking immediate action to comply with the Reserve Bank of India’s directive, which barred the company from opening new accounts amid “material supervisory concerns”. This is the third time that Vijay Shekhar Sharma-promoted Paytm Payments Bank (PPBL) is facing action from the banking regulator since its inception in May 2017. It is prohibited from opening new accounts for the second time.
“We are taking immediate steps to comply with the directions of RBI. PPBL is committed to work with the regulator to address their concerns at the earliest. We will inform when we recommend opening of new accounts after obtaining RBI approval,” PPBL said in a blog. Paytm Payments Bank was incorporated in August 2016 and formally opened in Noida in May 2017. The branch had started its operations from .Numbers as per the last disclosure, PPBL had around 64 million customers.
Sharma holds 51 per cent stake in Paytm Payments Bank (PPBL), while the remaining 49 per cent is with Paytm. RBI has also directed to appoint an IT audit firm to conduct a comprehensive system audit of IT systems of PPBL.
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