Why Flipkart-owned PhonePe has filed FIR against Paytm’s 3 employees; Paytm’s response and more

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The conflict between two of the largest digital funds corporations has turned bitter. In line with a report in Financial Instances, Flipkart-owned PhonePe has filed a police criticism in opposition to three workers of arch rival Paytm. PhonePe has alleged that these Paytm workers for concerned in mass burning of its fast response (QR) codes.
The Police criticism was filed on July 29 with the Surajpur Lakhnawali police station within the Higher Noida space. Within the FIR, seen by ET, PhonePe stated that the exercise occurred with “the clear intention of inflicting wrongful loss to the corporate’s property.” PhonePe alleged that “these actions might kind part of a bigger conspiracy to malign the fame” of the corporate and to trigger “additional monetary losses.”
PhonePe confirmed the FIR
The incident reportedly got here to gentle when an worker of PhonePe obtained a message on prompt messaging platform WhatsApp on July 28 with a video of the corporate’s QR codes being burnt. A spokesperson for the PhonePe firm confirmed the incident, including that it had been capable of establish the Paytm workers within the video. “PhonePe has approached the police based mostly on a video of a pile of its QR codes being set ablaze. We have been capable of establish a few of the folks within the video, together with a Paytm Space Gross sales Supervisor (ASM). Now we have full confidence within the police, and they’re taking the mandatory steps in the meanwhile,” the spokesperson informed ET.
The workers in opposition to whom the criticism has been filed embrace Devanshu Gupta, Aman Kumar Gupta and Rahul Pal. In line with the criticism, Devanshu Gupta was working for PhonePe between 2018 and 2022. The PhonePe FIR alleges that Gupta, being a former worker, had prior data concerning the whereabouts of acquiring its QR codes, and hatched the conspiracy with the others to steal these codes.
Paytim’s response to the FIR
Paytm informed ET in response that the matter was between its rival and the accused people since they have been former workers of PhonePe. It additional added that the accused workers have been already suspended from the corporate. “We condemn the act dedicated by these rogue workers, who’ve already been suspended from the corporate pending an in depth investigation. We don’t tolerate any act of misconduct and all the time stand by the best requirements of labor ethics,” the spokesperson added.

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