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Kalrock Capital says raids on promoter will not impact Jet revival

'Florian confirms that neither Kalrock Capital Partners nor Jet Airways have any connection with these ongoing investigations, or the charges made thereunder'

Jet lenders make last push to find investors to pick up stake with Etihad
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Aneesh Phadnis Mumbai
Kalrock Capital has said the ongoing investigation by regulatory agencies in Europe against its promoter, Florian Fritsch, will have no impact on the revival of Jet Airways.

"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," the financial advisory and asset management company said in a statement.

Kalrock Capital along with United Arab Emirates (UAE)-based businessman Murari Lal Jalan were selected by lenders to revive the grounded