<p>Indian businessman <a href="https://www.deccanherald.com/tag/pramod-mittal" target="_blank">Pramod Mittal</a> was charged in Bosnia on Thursday with heading an organised crime group and abuse of office while he was head of the supervisory board and co-owner of a coke plant in the northeastern town of Lukavac.</p>.<p>Mittal, the younger brother of Indian steel magnate <a href="https://www.deccanherald.com/tag/lakshmi-mittal" target="_blank">Lakshmi Mittal</a>, was charged with “heading an organised crime group” that allegedly helped him syphon nearly €11 million (USD 12 million) from Global Ispat Koksna Industrija Lukavac (GIKIL). He co-owned the plant near Tuzla in northeastern Bosnia with the local government.</p>.<p>Other charges include illegally taking over control of the metallurgical coke producer despite failing to invest €23 million, or more than half the amount he committed to invest in 2003 in return for the 51 per cent stake in the company.</p>.<p>Seven others, including two Indian and 5 Bosnian former members of the company's management, have been charged with Mittal on charges including organised crime, corruption and abuse of office.</p>.<p>Mittal and the other two Indians — GIKIL's former general manager, Paramesh Bhattacharyya, and an ex-member of its supervisory board, Razib Dash — had been arrested in Bosnia in summer 2019. But they were released and left the country after agreeing to post bail of €1 million, in the case of Mittal, and 250,000 euros for the other two. All three remain outside Bosnia.</p>.<p>In 2019, the cantonal court in Tuzla had ordered Mittal to also deposit nearly €11 million for alleged damages to GIKIL.</p>.<p>In a statement announcing the indictment on Thursday, the court said the prosecutors had filed a request to revoke bail and order Mittal and the other Indians charged to be re-arrested and returned to jail over their repeated failure to appear for investigative hearings in Tuzla.</p>.<p>It was not immediately clear whether any of the people charged had formally responded to the charges.</p>
<p>Indian businessman <a href="https://www.deccanherald.com/tag/pramod-mittal" target="_blank">Pramod Mittal</a> was charged in Bosnia on Thursday with heading an organised crime group and abuse of office while he was head of the supervisory board and co-owner of a coke plant in the northeastern town of Lukavac.</p>.<p>Mittal, the younger brother of Indian steel magnate <a href="https://www.deccanherald.com/tag/lakshmi-mittal" target="_blank">Lakshmi Mittal</a>, was charged with “heading an organised crime group” that allegedly helped him syphon nearly €11 million (USD 12 million) from Global Ispat Koksna Industrija Lukavac (GIKIL). He co-owned the plant near Tuzla in northeastern Bosnia with the local government.</p>.<p>Other charges include illegally taking over control of the metallurgical coke producer despite failing to invest €23 million, or more than half the amount he committed to invest in 2003 in return for the 51 per cent stake in the company.</p>.<p>Seven others, including two Indian and 5 Bosnian former members of the company's management, have been charged with Mittal on charges including organised crime, corruption and abuse of office.</p>.<p>Mittal and the other two Indians — GIKIL's former general manager, Paramesh Bhattacharyya, and an ex-member of its supervisory board, Razib Dash — had been arrested in Bosnia in summer 2019. But they were released and left the country after agreeing to post bail of €1 million, in the case of Mittal, and 250,000 euros for the other two. All three remain outside Bosnia.</p>.<p>In 2019, the cantonal court in Tuzla had ordered Mittal to also deposit nearly €11 million for alleged damages to GIKIL.</p>.<p>In a statement announcing the indictment on Thursday, the court said the prosecutors had filed a request to revoke bail and order Mittal and the other Indians charged to be re-arrested and returned to jail over their repeated failure to appear for investigative hearings in Tuzla.</p>.<p>It was not immediately clear whether any of the people charged had formally responded to the charges.</p>