In a surprising turn of events, Dhawan who was in jail for over five months with her husband Rupak Jain is a part of the firm once again. They had rejoined the company earlier in the week.
She had been granted bail by the Allahabad High Court earlier this month. Dhawan was earlier associated with the company as its Vice President, communications and public relations.
Messages sent to Sharma did not elicit any response till the time of going to press. Jain had been granted bail in February this year, also by the Allahabad High Court. It is unclear whether Dhawan has rejoined Paytm with the same responsibilities she had prior to her arrest.
The development has emerged at the time when the company is in the midst of raising $1-2 billion from existing investors SoftBank and Alibaba’s financial affiliate Alipay.
This transaction could inflate the value of Noida headquartered venture to $16-18 billion.