Paytm’s Vijay Shekhar Sharma arrested for ramming into DCP’s car, later granted bail

The incident took place outside The Mother’s International School on Aurobindo Marg on February 22. 

On Sunday, March 13, Paytm’s founder & CEO Vijay Shekhar Sharma was arrested & later released on bail for ramming his car into DCP’s car in February, as reported by ANI.

Vijay hit the car of the district commissioner of police of South Delhi. He was driving a Jaguar Land Rover & the incident took place outside The Mother’s International School on Aurobindo Marg on February 22.

Sharma was arrested under IPC Section 279 for rash or negligent driving. The FIR was filed by constable Deepak Kumar, who was during the DCP’s car then. Later the Paytm boss was released on bail.

Vijay Shekhar Sharma founded Paytm in the year 2011. In 2017 Vijay was ranked as the youngest billionaire by Forbes with a net worth of $1.3 billion. Sharma holds a 9.1% stake or 60 million shares in Paytm.

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