Paytm founder's secretary arrested for blackmailing him for Rs 20 Cr Three people, including a female employee of Paytm, were arrested on Monday for allegedly trying to extort Rs 20 crore from the mobile wallet giant’s founder Vijay Shekhar Sharma after threatening to leak stolen personal data and confidential information, Noida Police said.

“The owner of had made a complaint with the police that their employees, a woman and her aides, had stolen some from the company and were . 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 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 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 when contacted by ET.

(With PTI inputs)

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