SPONSORED BY
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Sonia Dhawan, Accused in Extortion Bid Against Paytm Founder, Rejoins Company

Dhawan, who spent about five months in jail with her husband Rupak Jain, was back in the company earlier this week, sources said. She was granted bail by the Allahabad high court earlier this month.

News18.com

Updated:March 29, 2019, 8:23 PM IST
facebookTwittergoogleskypewhatsapp
Loading...
New Delhi: Former Paytm executive Sonia Dhawan, who was one of the prime accused in an extortion bid against the SoftBank-backed company’s founder Vijay Shekhar Sharma, has re-joined the company in a surprising turn of events.

Dhawan, who spent about five months in jail with her husband Rupak Jain, was back in the company earlier this week, sources said. She was granted bail by the Allahabad high court earlier this month.

The arrest of Dhawan, the former VP of communications and public relations at the company, had sent ripples across the corporate world. She had been associated with the company for almost a decade, starting off as a personal assistant to Sharma and rising to become the head of public relations over the years. The developments had also given rise to various conspiracy theories.

Her lawyer had said the promoters of Paytm were pressuring her to sell her stake in the company and she had been framed. “With the kind of accusations which were made initially, there is a lot of contradiction. There was also a statement in the press that the person who called up from Kolkata disclosed her (Sonia Dhawan's) name without even receiving a substantial part of the ransom. So, you can definitely make out that there is more to it than meets the eye," he added.

He also said that Sonia and her husband had received an extortion call of Rs 5 crore on September 22, two days after Sharma received a similar call. "There was an extortion call for Rs 5 crore. The caller threatened to harm the family if the demand wasn't met," revealed Tripathi.

According to data shared by PaperVc with Moneycontrol, Dhawan had employee stock option plans (ESOPs) to the tune of 0.004 per cent in One97 Communications and 0.02 percent in Paytm E-commerce Pvt Ltd, the two companies held under the group. The cumulative value of the shares as per Paytm's then valuation stood around Rs 3.2 crore. She was expected to have more ESOPs in other group entities.

Dhawan’s family members too had said she was being implicated.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,385.95 3.14
PC Jeweller 145.15 -0.55
Interglobe Avi 1,554.40 -1.74
Tata Motors 236.25 2.49
Infosys 717.05 -0.97
Company Price Change %Gain
SpiceJet 136.25 2.68
PC Jeweller 145.20 -0.55
HDFC Bank 2,290.15 -0.63
Reliance 1,382.90 2.79
Jet Airways 163.90 -32.23
Top Gainers
Company Price Change %Gain
Reliance 1,385.95 3.14
JSW Steel 299.15 2.73
Tata Motors 236.25 2.49
BPCL 362.90 1.51
Wipro 284.80 1.39
Company Price Change %Gain
Reliance 1,382.90 2.79
Tata Motors 235.90 2.32
Asian Paints 1,465.35 0.65
TCS 2,145.50 0.61
Coal India 251.75 0.22
Top Losers
Company Price Change %Gain
Yes Bank 255.80 -4.00
Indiabulls Hsg 800.55 -3.83
Hindalco 207.20 -3.61
Vedanta 178.60 -3.43
Zee Entertain 402.30 -3.19
Company Price Change %Gain
Yes Bank 255.30 -4.18
Vedanta 178.70 -3.51
IndusInd Bank 1,764.00 -2.86
Tata Steel 542.85 -1.77
Larsen 1,360.75 -1.57

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results