Steel magnate Lakshmi Mittal's brother held in Bosnia
Sarajevo: Indian industrialist Pramod Mittal, the younger brother of steel magnate Lakshmi Mittal, was arrested Wednesday in Bosnia for suspected fraud and "abuse of power", a prosecutor said.
The case is related to the running of a coking plant in the northeastern town of Lukavac, which Pramod Mittal has co-managed since 2003. It has a 1,000 employees.
"Police, who acted upon the order of the prosecutor, arrested the president of the supervisory board of GIKIL, Pramod Mittal," prosecutor Cazim Serhatlic told reporters.
GIKIL was founded in 2003 and is co-managed by Pramod Mittal's Global Steel Holdings and a local public company (KHK). The coking plant in Lukavac employs a thousand people.
Two other company officials -- general manager Paramesh Bhattacharyya and another member of the supervisory board -- were also arrested.
They are suspected of "organised crime, notably the abuse of power and economic crimes," the prosecutor said. Serhatlic said that if found guilty the suspects could get jail sentences of up to 45 years.
An arrest warrant has been issued for a fourth man "considered to be a member of this organised criminal group with Pramod Mittal on top".
The suspects will appear before a judge on Wednesday.
According to the Zurnal.info website which covers organised crime, the suspects were believed to have embezzled "at least five million marks" (2.5 million euros, USD 2.8 million).
Lakshmi Mital, the CEO of global steel giant ArcelorMittal, has bailed out his cash-strapped brother Pramod in India. Pramod Mittal owns several companies in the Balkans.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
US Consulate in Dubai reportedly attacked
Dubai: Smoke was seen rising from an area near the United States Consulate in Dubai, according to witness accounts cited by Reuters.
There was no immediate official confirmation on the extent of damage or whether there were any casualties in the incident.
Earlier, the US embassy in Riyadh, Saudi Arabia’s capital, was also attacked. Authorities reported damage to the premises, but no casualties were recorded.
The developments come amid heightened tensions in the region, with Iran continuing to target US interests in the Middle East following deadly attacks launched on Saturday by Israel and the United States.
Near US embassy in Dubai pic.twitter.com/z5VTZNVxNO
— Sahil Shah (@thesahilsshah) March 3, 2026
