Never shared Indian users' data with third parties: Paytm
New Delhi, May 26: Digital wallet payment company Paytm on Saturday refuted media reports that it has shared user data to third parties, saying that the data of its 300 million registered users is safe in India.
"There is a video going around on social media and it falsely claims that we shared some data with 3rd parties. Nothing can be further from the truth," the company wrote in a blog post.
"We never share your data with anyone: any company/ any government or any country. At Paytm, your data is yours. Not ours, or of a third party, or of the government."
Paytm reiterated that their policy allows only legally compliant data requests from the "law of the land" to get access to data for necessary investigations.
"You can be sure that no data is shared with anyone whom you would not have given us permission to share it with. This is the holy grail of trust between us.
"Any person claiming otherwise is not aware of the policy and is not authorised to speak on behalf of the company," the company said.
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Two held for EV sales fraud in Karnataka
Bengaluru (PTI): Two men involved in the sale of electric vehicles in the city have been arrested for allegedly defrauding several people by offering two-wheelers at subsidised rates, claiming the benefit was under a central government scheme, police said on Saturday.
The accused have been identified as Hanumantha Bilkar and Rakesh, they said.
Police said an investigation was initiated after receiving two complaints against at the Peenya and Bagalagunte police stations last month.
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According to police, the accused convinced people to buy electric two-wheelers by claiming that they were available at subsidised rates under a central government scheme.
"However, no such scheme exists. The accused allegedly arranged loans in the names of the buyers and had the loan amounts credited to their companies, as per the complaints," a senior police officer said.
Police said the accused got loans sanctioned for nearly double the price of the vehicles and told buyers they only needed to pay the last three to four EMIs, while the 'companies' would pay the remaining instalments.
Initially, the 'companies' paid the EMIs but later stopped doing so, after which banks and finance firms began demanding payments from the buyers, they said.
The officer said the accused sourced parts of electric two-wheelers from Delhi, assembled them in Bengaluru and sold the vehicles through their showrooms.
He added that loans were taken in the names of several people and the investigation is ongoing.
"While vehicles were delivered to many buyers, the companies allegedly stopped paying the EMIs as promised. An investigation is underway to ascertain how many more people were cheated through this fake scheme," he added.
