Paytm CEO’s secretary and 2 more arrested for blackmailing him for Rs 20Cr

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Paytm

Paytm CEO Vijay Shekhar Sharma’s secretary and 2 more arrested for blackmailing him for Rs 20Cr after threatening to leak stolen personal data and confidential information, Noida Police said.

“The owner of Paytm had made a complaint with the police that their employees, a woman and her aides, had stolen some data from the company and were blackmailing. They were demanding Rs 20 crore for not leaking it,” Senior Superintendent of Police (SSP), Gautam Buddh Nagar, Ajay Pal Sharma told PTI.

The SSP said they will seek their custody to interrogate them further and gather more details. The Paytm employee who is arrested is also the secretary of Sharma.

The trio had threatened to leak the data and misuse the information to cause the firm loss and dent its public image, officials said. The three employees of the Noida-headquartered e-commerce and wallet firm were arrested by a team from the Sector 20 police station, while the fourth accused in the case is still at large, a senior official said.

“Noida Police has arrested three people including one female employee of Paytm in case of extortion. The employee along with two other accomplices attempted to extort money from Vijay Shekhar Sharma on the pretext of leaking his personal data. We are standing by our colleagues till the police inquiry reaches its meaningful conclusion,” said Paytm in a statement.

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