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Pramod Mittal accused of fraudulently stripping assets

Pramod Mittal accused of fraudulently stripping assets
Pramod Mittal, brother of steel tycoon Lakshmi Mittal, is facing serious legal charges. Global Steel Holdings has filed a lawsuit alleging that Mittal and his family siphoned off $180 million and diverted funds meant for debt repayments. The company claims he owes $216 million. This bankruptcy case could have global business implications.