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Bankrupt tycoon Pramod Mittal 'secretly' diverted around $82.64m to family, instead of paying company's debts: Report
Apr 11, 2025

As quoted by The Times, Global Steel says that the family members 'will reside in London and have all held positions or directorships in companies which form part of the Mittal corporate structure at various points in time'

As quoted by The Times, Global Steel says that the family members 'will reside in London and have all held positions or directorships in companies which form part of the Mittal corporate structure at various points in time'

Pramod Mittal, who is known for being the UK's biggest bankrupt, is now accused of secretly diverting around $82.64 million (£63 million) to his family rather than paying his company's debts, The Times reported on Friday. He is the younger brother of Indian steel magnate Lakshmi Mittal.
He filed for bankruptcy in a London court in June 2020 after his financial troubles stemmed from massive debts, including around $169 million owed to creditors. Seven years before, in 2013, Pramod grabbed attention globally when he hosted a lavish wedding ceremony for his daughter. At that time, it was considered to be the world's most expensive wedding, costing around $65.50.
In London, Mittal lives in a palatial home in Mayfair, central London. But he claims to have debts of £2.7 billion. Now, the 68-year-old Mittal, his wife and his children are being sued at the High Court in London by one of his former companies, which claims it is owed $216 million.
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