Analysis

Indian businessman arrested in Bosnia

Indian businessman Pramod Mittal, the younger brother of steel magnate Lakshmi Mittal, has been detained by police at a company in northern Bosnia on suspicion of organised crime and abuse of office.

The case is related to the running of a coking plant in the northeastern town of Lukavac, which Pramod Mittal – who owns a number of businesses in the Western Balkans – 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.