Paytm CEO Vijay Shekhar Sharma was arrested by the Delhi Police for allegedly ramming into a senior police official's car in February and later was released on bail, a senior official confirmed the incident on Sunday.

Delhi Police Spokesperson Suman Nalwa told IANS that the incident took place on February 22 in south Delhi' Malviya Nagar area. "The accused rammed the car of south Delhi Deputy Commissioner of Police (DCP), Benita Mary Jaiker. However, the DCP was not present inside the car at the time of the incident," the official said.