• Sunday, August 14, 2022

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Indian Police Arrest Three Over Alleged Attempt To Blackmail Paytm Founder

Police said Sonia Dhawan, her husband Rupak Jain and another Paytm employee, Devendra Kumar, were arrested on Monday (22) following a complaint on behalf of Vijay Shekhar Sharma, the founder of Paytm’s parent, One97 Communication (Photo: SAJJAD HUSSAIN/AFP/Getty Images).

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,…

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