Steel King Lakshmi Mittal’s brother Pramod Mittal goes bankrupt, spends Rs 500 crore on daughter’s wedding

Mumbai: Pramod Mittal, the younger brother of Lakshmi Mittal, a world-renowned steel king and Indian-origin businessman, is also on the verge of bankruptcy. Pramod Mittal has a debt of Rs 24,000 crore. Pramod, who once spent Rs 500 crore on his daughter’s wedding, was in the media.

Pramod Mittal says that he is currently facing Rs. Has a debt of Rs 23,750 crore and has lost all its assets in one deal. Now they have no source of income. Except he has a plot in Delhi, which costs only પા 45 (approximately Rs. 4300). They have a total of Rs. One and a half crore has been deposited. He is now facing a life-threatening crisis as his monthly expenses are Rs. There are two lakhs.

UK State Trading Corporation (STC) on Pramod Mittal for Rs. The debt was Rs 2,210 crore. He was also arrested in Bosnia in 2019 on fraud charges. The case is related to a fraud case related to coal plant GIKIL. His elder brother Lakshmi Mittal also helped him escape legal action twice.

Pramod Mittal has been running the 1,000-strong firm since 2003. He was the Chairman of the Supervisory Board of GIKIL. About Rs. He was detained on questioning over a suspected transfer of Rs 84 crore. Last year, he was paid Rs. He was released on Rs 92 crore bail. There were reports in the media at the time that a property dispute was going on between the two brothers. Pramod Mittal has a stake in ArcelorMittal, the world’s largest steelmaker. 28,200 crore. The Luxembourg-based company has a total turnover of Rs. 84,600 crore. Lakshmi Mittal is the 19th richest person in Britain.

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