- Thursday, April 25, 2024
By: Radhakrishna N S
An Indian court on Tuesday (23) remanded three people, including the spokeswoman of the country’s biggest digital payments company Paytm, to a week’s custody over an alleged bid to blackmail its founder and extort $2.7 million by threatening to leak stolen personal data. The incident threatens to embarrass the company, synonymous with taking digital payments mainstream in India after the government’s controversial currency note ban of late 2016, as well as its billionaire founder. Paytm, whose investors include China’s Alibaba Group and Japan’s SoftBank Group Corp, has declined to say how the stolen material would have allowed the blackmail of its founder,…
You do not have access to this content. You need to subscribe.
