WFIN has reported that Mr Pramod Mittal is charged with heading an organized crime group that allegedly helped him syphon nearly USD 12 million from Global Ispat Koksna Industrija Lukavac. He co-owned the plant near Tuzla in northeastern Bosnia with the local government. The report quoted a court statement announcing the indictment as saying that “The prosecutors have filed a request to revoke bail and order Mittal and the other Indians charged to be re-arrested and returned to jail over their repeated failure to appear for investigative hearings in Tuzla.” As per report “Other charges include illegally taking over control of the metallurgical coke producer despite failing to invest 23 million euros, or more than half the amount he committed to invest in 2003 in return for the 51% stake in the company.” The report added that “Seven others, including two Indian and 5 Bosnian former members of the company’s management, have been charged with Mr Mittal on charges including organized crime, corruption and abuse of office.” Mr Pramod Mittal, GIKIL’s former general manager Mr Paramesh Bhattacharyya and an ex-member of its supervisory board, Mr Razib Dash were arrested in Bosnia in summer 2019 but were released and left the country after agreeing to post bail of 1 million euros, in the case of Mr Mittal, and 250,000 euros for the other two. All three remain outside Bosnia. In 2019, the cantonal court in Tuzla had ordered Mr Mittal to also deposit nearly 11 million euros for alleged damages to GIKIL.
WFIN has reported that Mr Pramod Mittal is charged with heading an organized crime group that allegedly helped him syphon nearly USD 12 million from Global Ispat Koksna Industrija Lukavac. He co-owned the plant near Tuzla in northeastern Bosnia with the local government. The report quoted a court statement announcing the indictment as saying that “The prosecutors have filed a request to revoke bail and order Mittal and the other Indians charged to be re-arrested and returned to jail over their repeated failure to appear for investigative hearings in Tuzla.” As per report “Other charges include illegally taking over control of the metallurgical coke producer despite failing to invest 23 million euros, or more than half the amount he committed to invest in 2003 in return for the 51% stake in the company.” The report added that “Seven others, including two Indian and 5 Bosnian former members of the company’s management, have been charged with Mr Mittal on charges including organized crime, corruption and abuse of office.” Mr Pramod Mittal, GIKIL’s former general manager Mr Paramesh Bhattacharyya and an ex-member of its supervisory board, Mr Razib Dash were arrested in Bosnia in summer 2019 but were released and left the country after agreeing to post bail of 1 million euros, in the case of Mr Mittal, and 250,000 euros for the other two. All three remain outside Bosnia. In 2019, the cantonal court in Tuzla had ordered Mr Mittal to also deposit nearly 11 million euros for alleged damages to GIKIL.
