Asset manager Kalrock Capital Partners said on Monday that probes into its investor Florian Fritsch have no impact on its acquisition of Indian airline Jet Airways.
Fritsch is assisting in investigations by regulatory agencies in Liechtenstein, Switzerland, and Austria. The probes are based on anonymous complaints filed in relation to certain businesses where Fritsch is a financial investor in his personal capacity, UK-based Kalrock said in a statement.
Once India’s biggest private carrier, Jet had stopped flying in April 2019 after running out of cash, before India’s bankruptcy court last year approved a resolution plan submitted by a consortium of Kalrock and UAE-based businessman Murari Lal Jalan.
