Kalrock says probes into investor Fritsch have no impact on Jet Airways deal

Jet Airways (India)

14/11/2022 05:07

BENGALURU, Nov 14 (Reuters) - 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  JET.NS .
    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.
    "Florian confirms that neither Kalrock Capital Partners nor
Jet Airways have any connection with these ongoing
investigations, or the charges made thereunder, and these
investigations have no impact on the acquisition of Jet Airways,
and Jalan-Kalrock Consortium remains committed towards Jet
Airways," Kalrock added.
 (Reporting by Chris Thomas in Bengaluru; Editing by Rashmi
Aich)
 ((chris.thomas@thomsonreuters.com; +91 80 6210 0487;))