Sonia Dhawan, the prime accused in an extortion bid against Paytm's founder Vijay Shekhar Sharma, is expected to have rejoined the company, reported The Economic Times, citing sources within the company.

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However, Paytm denied the news reports the next day and said that: "No accused is joining the company till the court matter is over."

Dhawan, who had previously served the Softbank-backed firm as VP of communications and public relations, returned this week, noted the report, adding that it was unclear if she has taken the same responsibilities. Dhawan was granted bail by the Allahabad High Court earlier this month after spending around five months behind the bars along with her husband Rupak Jain.

The ET report also added it was unclear whether the Paytm chief had withdrawn his complaint against Dhawan and the other accused. Earlier, Sharma had said that he believed the executive, who had spent an estimated eight years with Paytm, was a "conduit of someone else's bigger plan".

(This story has been updated with Paytm's response to the media report)

First Published:Mar 28, 2019 12:34 PM IST