India court gives police three weeks to conclude Paytm ownership probe

FILE PHOTO: Ashok Kumar Saxena poses for a photo in Vancouver, Washington, U.S., Aug. 11, 2021. REUTERS/Alisha Jucevic/

NEW DELHI (Reuters) - An Indian court on Monday has given police three weeks to conclude an investigation into claims from a former Paytm director who said he co-founded the digital payment platform but did not receive shares owed.

Ashok Kumar Saxena, 71, in legal documents said he invested $27,500 two decades ago in Paytm parent One97 Communications but was never allotted any stock, Reuters reported this month https://reut.rs/3j746WJ.