Indian Industrialist Pramod Mittal has been detained by police in northern Bosnia on suspicion of organized crime and abuse of office, a prosecutor said on Tuesday.
Mittal, the younger brother of steel magnate Lakshmi Mittal, heads the supervisory board at metallurgical coke producer Global Ispat Koksna Industrija Lukavac (GIKIL), which has been among Bosnia’s biggest exporters.
Two other company officials — general manager Paramesh Bhattacharyya and another member of the supervisory board — were also arrested.
The arrest was related to the running of a coking plant in the northeastern town of Lukavac, which Pramod Mittal has co-managed since 2003. It has 1000 employees.
“They are arrested on suspicion that they have committed a criminal act of organized crime and abuse of office and authority since 2003,” prosecutor Cazim Serhatlic told reporters. He also said that if found guilty the suspects could get jail sentences of up to 45 years.
According to the Zurnal.info website which covers organized crime, the suspects were believed to have embezzled “at least five million marks” (2.5 million euros, $2.8 million).
Lakshmi Mittal, the CEO of global steel giant ArcelorMittal, has bailed out his cash-strapped brother Pramod in India.