Udayavni Special

Pramod Mittal, Tycoon who spent $50M on his daughter’s wedding declared bankrupt


Team Udayavani, Jun 30, 2020, 11:09 AM IST

Pramod Mittal, younger brother of steel magnate Lakshmi Mittal  has reportedly been declared bankrupt with debts running to more than £130 million,

It is said that Pramod Mittal’s  bankruptcy might have occurred from his role as a guarantor in 2006 for the loans of Global Ispat Koksna Industrija Lukavac (GIKIL), Bosnian’s largest producer of coke used in steel manufacturing.

Also, the elder Mittal, who is the UK’s 19th richest man, won’t come to his brother’s aid as the debt has nothing to do with him.

Pramod Mittal had spent £50 million on his daughter’s wedding which is considered as the world’s most expensive wedding

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