Kalrock Capital on Monday said the ongoing investigations related to its promoter Florian Fritsch in overseas jurisdictions will not have any impact on the acquisition of Jet Airways.
Regulatory agencies in Liechtenstein, Switzerland and Austria had recently raided multiple properties of Fritsch as part of a probe into alleged fraud and money laundering.
The consortium of Murari Lal Jalan and Fritsch had emerged as the winning bidder for the airline after the National Company Law Tribunal (NCLT) approved its resolution plan in June last year.
This development comes amid uncertainty over when Jet Airways would restart operations. The airline was grounded in April 2019.
