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How billionaire Lakshmi Mittal's younger brother got $500 million bailout in Nigeria | William Clowes

Billionaire Lakshmi Mittal’s younger brother is effectively getting a helping hand—and a possible way out of financial distress—from Nigerian taxpayers, after the country’s government agreed to pay his company almost $500 million to settle a contract dispute over a deal that a previous administration said was tarnished by fraud. Pramod Mittal,…
Bosnia Herzegovina Abuja Federal Capital Territory United States Sofiya Grad Comunidad Autonoma De Cataluna United Kingdom

How billionaire Mittal's distressed brother got a $500 million bailout far away from India

Pramod Mittal, lesser-known in the steel industry compared to his brother Lakshmi, is navigating financial turmoil. Nigeria agreed to pay nearly $500 million to settle his companys dispute, aiding his debt-laden venture. Despite Nigerias payments to Mittals company, creditors await settlements, highlighting the complex web of his financial troubles.
United Kingdom Comunidad Autonoma De Cataluna United States City Of Uttar Pradesh Abuja Federal Capital Territory

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