Karnataka High Court Rejects Razorpay Executives Plea In SFIO Complaint Case

The <b>Karnataka High Court</b> has officially dismissed a petition filed by senior Razorpay executives Harshil Mathur and Shashank Kumar seeking to quash an SFIO complaint. The case is linked to an <b>alleged Chinese-controlled digital lending network</b> involving merchant onboarding, KYC verification, and transaction monitoring. Justice M Nagaprasanna stated that the allegations involve disputed questions of fact that must be thoroughly examined during a full-fledged trial. The court observed that it cannot conduct a mini-trial while exercising its jurisdiction to quash criminal proceedings, directing the petitioners to establish their defense during the trial.