Three Paytm employees held for blackmailing CEO

New Delhi : Three PayTm employees, including a woman, have been arrested for allegedly blackmailing the e-wallet giant's founder Vijay Shekhar Sharma to extort Rs 20 crore. They threatened him to leak stolen personal data and confidential information, Noida Police said.

The arrested woman, who allegedly masterminded the extortion bid, is 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.

A team of Sector 20 police arrested the three employees of the Noida-headquartered e-commerce and wallet firm, while the fourth accused in the case is still at large, a senior official said.

The action was taken on a complaint filed by the owner of Paytm stating that his three employees, a woman and her aides, had stolen some data from the company and were blackmailing. They were demanding Rs 20 crore for not leaking it, Senior Superintendent of Police (SSP), Gautam Buddh Nagar, Ajay Pal Sharma said.

Taking immediate action on it, an FIR was registered and three persons, including the woman, arrested.