A scion of one of Britains richest families who spent 50 million on his daughters wedding has been declared bankrupt with debts of more than 130 million, The Times can reveal.
Pramod Mittal, 64, appears to have lost a fortune while becoming embroiled in an investigation into organised crime.
His familys mansion in Mayfair, central London, is a two-mile stroll across Hyde Park from the 300 million home of his older brother Lakshmi Mittal, who is Britains 19th richest person with an estimated fortune of 6.78 billion.
Lakshmi, 70, head of Arcelor Mittal, the worlds largest steel maker, has declined to bail out his brother despite the damage that the news of his bankruptcy will cause to their family name. The siblings became estranged
Read the full article at: https://www.thetimes.co.uk/article/a-50m-wedding-an-arrest-and-bankruptcy-for-lakshmi-mittal-s-brother-pm3h367t0
