Meet man who spent Rs 550 crore on daughter’s marriage in Spain, later went bankrupt, jailed due to…; not Anil Ambani, Vijay Mallya

A few Indian businessmen were among the richest Indians, but later suffered great financial losses. In this article, we will tell you an Indian businessman who spent your daughter around 550 RS at the wedding but then went bankrupt. His name is Pramod Mittal, Indian billionaire and steel boss Lakshmi Mittal’s brother, Arcelormittal.

Pramod was the president of Ispat Industries Limited (now JSW Ispatpat Steel). He used to be one of the richest men in the world. He was known for his expenditure craze. In 2013, his 68 -year -old daughter Shristi spent around 550 Crore at the wedding of his daughter Shristi in Barcelona, ​​Spain. However, years later, in 2020, Pramod was declared bankrupt in a London court. He had to rely on family income for daily expenses.

Pramod was arrested in 2019 on charges of fraud in Bosnia in 2019, along with the officials of the other two gikils (Global Response Industrija Doo Lukavac). Pramod agreed to be a guarantor for the debts of a Bosnian cola producer named Gikil. Global Steel Holdings signed to stop as the guarantor of Gikil’s debts, and then everything was a cover. Gikil could not pay back to Steel Trade Guarantor in London.

Pramod Mittal’s personal life

Speaking about his personal life, Pramod, Sangeeta Mittal is married and the couple has three children – Vardika, Shrishti and Divyesh. His brother, Lakshmi Mittal, is the richest Indian in the mining and metal industry with a net value of $ 18.6 billion, according to Forbes.

Read | The Indians will receive the UAE’s gold visa only by paying RS … There is no trade license, it is necessary to purchase property; Check the details