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
Similar News ItemsAnish Kapoor
- Darren Aronofsky Builds An Ark In New Noah Movie Featurette; “Fountains of the Deep: Visions of Noah and the Flood” Exhibit Opens March 7 (From WeAreMovieGeeks.com. 6 March 2014, 7:48 PM, PST)
- Jake and Dinos Chapman head a stellar cast to tell stories of world's children in need (From The Guardian - Film News. 23 November 2013, 4:15 PM, PST)
- TV review: Bert and Dickie (From The Guardian - TV News. 26 July 2012, 3:12 AM, PDT)