Paytm staffers held for releasing funds from accounts with scam link

Time of India

15-07-2025

Noida: Two employees of Paytm Payment Bank Company were arrested for fraudulently accessing and releasing nearly Rs 30 lakh from accounts frozen by law enforcement agencies in connection with cyber scams.
The arrests come 10 months after Paytm, headquartered in Noida, on Aug 30, 2024, filed a complaint with Cyber Crime police that some of its employees were defreezing accounts frozen by police without permission from law enforcement officials or courts.
During the probe that followed, cops found two of the company's customer executives—Chandresh Rathore of Jabalpur in Madhya Pradesh and Tariq Anwar of Mau in UP—had fraudulently released Rs 29.9 lakh by defreezing accounts under court scanner and arrested them on Tuesday, additional DCP (cyber) Shavya Goyal said.
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Police told TOI the accused were working at the behest of an intermediary, who would be in touch with owners of various frozen accounts, possibly people facing probe in different cyber fraud cases. These account owners would pay the accused to defreeze their accounts and release funds.
"The accused have helped cyber criminals this way for several years before getting caught," ACP (cyber) Vivek Ranjan Rai said, adding they were arrest under relevant BNS sections.
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Another officer part of the investigation said more employees of the company could be involved in the scam. "For nowm we have come to know that an employee from the company's Hyderabad team is the kingpin of the nexus. We are working to trace him. The accused had customer access to accounts that were frozen," the officer said.
The two men were presented before a local court on Tuesday.