Three Paytm employees, were arrested on Monday for allegedly trying to extort Rs 20 crore from the e-wallet giant’s founder Vijay Shekhar Sharma.
Paytm employees including a woman were threatening to leak stolen personal data and confidential information for the system.
Noida Police said that the arrested woman employee, allegedly masterminded the entire extortion bid. She also happened to be the secretary of Sharma and the trio had threatened to leak the data and misuse the information to cause the firm loss and dent its public image, officials said.
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Sector 20 police station team arrested all three of them from their Noida based headquarter. The fourth accused in the case is still at large, a senior official said.
The arrests followed a complaint made by the Paytm owner, Vijay Shekhar Sharma himself. In his FIR, he had name the woman and her aides for stealing some data from the company. He also alleged that they were blackmailing him to misuse the data, by asking for a ransom of Rs. 20 crore for not leaking it.
Senior Superintendent of Police (SSP), Gautam Buddh Nagar, Ajay Pal Sharma said that they were taking immediate action on it, after the FIR was registered. He also confirmed that all three persons, including the woman, have been arrested. He further said that they are being probed about the data and their modus operandi.
Police will share the facts as they are unearthed, Sharma said. The SSP said they will seek their custody to interrogate them further and gather more details.
Paytm was founded in August 2010 with an initial investment of $2 million by its founder Sharma and is valued at $10 billion as of January 2018.