Pramod Mittal and his two colleagues were arrested and released in Bosnia after paying a hefty 12.5 million in July last year, Reuters had reported. (Reuters/File)
Pramod Mittal, brother of UK-based steel magnate Lakshmi Mittal, has reportedly been declared bankrupt by the Insolvency and Companies Court in London with debts amounting to over 130 million, a report in The Times said.
Mittal heads the supervisory board and co-owns metallurgical coke producer Global Ispat Koksna Industrija Lukavac (GIKIL) in northern Bosnia, one of the countrys biggest exporters. According to The Times report, Mittals bankruptcy stems from his acting as a guarantor in 2006 for …
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