L Capital says it backs Fabindia

L Capital Asia, the largest investor in Fabindia, said it has 'utmost faith in Fabindia management' following the incident involving Union Human Resource Development Minister Smriti Irani complaining of closed-circuit television camera inside the trial room of an outlet of the brand in a Goa store came to the fore.

“We at L Capital Asia have utmost faith in the integrity and capability of the Fabindia management team and are confident that they are responding to the recent developments in a manner consistent with the highest levels of ethics, governance and compliance that the company is so well known for,” said Ravi Thakran, chairman of L Capital Asia.