Court gives police 3 weeks to conclude Paytm ownership probe

What's the news?

An Indian court on Monday has given police three weeks to conclude an investigation into claims from a former Paytm director who said he co-founded the digital payment platform but did not receive shares owed.

More to know

Ashok Kumar Saxena, 71, in legal documents said he invested $27,500 two decades ago in Paytm parent One97 Communications but was never allotted any stock, Reuters reported.Paytm has said the claim amounts to harassment and cited it under "criminal proceedings" in the prospectus for its proposed $2.2 Bn initial public offering (IPO).

12 views0 comments