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 CCTV 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.

"We are proud and privileged to be associated with Fabindia, not only because it is one of India's most loved and credible brands, but also because this is a unique business that serves a great number of causes, something that is very special and unique across the world, "Thakran said.