Paytm CEO Vijay Shekhar Sharma was arrested by Delhi Police last month and later released on bail in a case of rash driving.
According to an FIR, the Paytm founder was allegedly driving a Jaguar Land Rover that hit the vehicle of DCP (South district) outside Mother International School.
The incident took place on February 22 and police lodged an FIR on a complaint filed by Constable Dipak Kumar, posted as a driver with DCP (South) Benita Mary Jaiker.
Sharma fled from the scene, according to the complaint.
After a preliminary investigation, police found that the car is registered to a company in Gurugram. The people of the company told the police that the car is with Vijay Shankar Sharma, who lives in South Delhi.
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Delhi Police spokesperson Suman Nalwa confirmed that police had “arrested Sharma, and released him on bail”.