The investigations into Florian Fritsch, one of the two executives seeking to get bankrupt Jet Airways India Ltd. back in the air through a bankruptcy process, will not affect the rescue plan for the airline, according to his firm.
“These investigations have no impact on the acquisition of Jet Airways,” Kalrock Capital Partners, Fritsch’s investment company said in a statement. Neither Kalrock nor Jet Airways have connections with ongoing investigations or the charges, it said.
Bloomberg News last week reported multiple properties linked to Fritsch were raided by prosecutors in a criminal investigation. Kalrock said on Monday that Fritsch is assisting in certain investigations initiated by regulatory agencies in Liechtenstein, Switzerland, and Austria.
