1 March 2013 10:56 AM, PST | The Guardian - Film News | See recent The Guardian - Film News news »

Steel magnate is being sued for allegedly reneging on agreement with former friend over Nigerian oil deal

Lakshmi Mittal, Britain's richest man, is expected to be cross-examined over his business practices and relationships with politicians in a court case that could offer a rare glimpse into his empire.

The steel magnate, worth an estimated £12.7bn, is being sued at the high court for allegedly reneging on an agreement to pay fees to a former friend for helping to secure an oil deal.

The case, which begins on Tuesday, is the culmination of a seven-year battle with the rice importer Moni Varma. Both men will be asked to discuss their relationships with Olusegun Obasanjo, the former Nigerian president who granted Mittal access to two unexplored oil fields in the Niger Delta.

Mittal, 63, has previously dismissed the claim, saying the case would be defended vigorously.

Since moving to Britain with his family »

- Rajeev Syal

Report a problem

Similar News Items

Anish Kapoor

IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.

See our NewsDesk partners