Indian businessman Pramod Mittal initiated arbitration proceedings against Bosnia and Herzegovina due to the events in the company GIKIL Lukavac.
At the session held yesterday, the Government of Tuzla Canton got acquainted with the Information on the initiated arbitration proceedings of plaintiff Pramod Mittal and others against Bosnia and Herzegovina and the Information of the BiH Attorney’s Office on the initiated arbitration proceedings in accordance with the arbitration rules of the United Nations Commission on International Trade Law.
The Government stated that it is unable to accept the proposed text of the Agreement on mutual rights and obligations in connection with the arbitration procedure in the GIKIL case, for the reason that it is of the opinion that none of its acts, or acts, procedures, actions or other acts of any other cantonal body management did not participate in the eventual exclusion or confiscation of management rights of the plaintiff company in the management structure of the GIKIL company.
We remind GIKIL d.o.o. is a business entity created by the contractual relationship between the plaintiff’s company and the company KHK Lukavac, and that it is a pure business relationship between the two business entities, the second of which is the founder of the joint company, i.e. KHK Lukavac, because of its over-indebtedness, and according to the lawsuits of several creditors, entered into bankruptcy proceedings .
This is again within the jurisdiction of the judicial, not the executive authorities, it is stated in the conclusion of the Government of Tuzla Canton.
However, the Government of Tuzla Canton is determined in any case to provide formal legal, technical and any other assistance to the Attorney General of Bosnia and Herzegovina in accordance with the submitted requests.
In this sense, it formed a Working Group and tasked all cantonal authorities, companies, institutions and other institutions to submit all available documentation at the request of the Working Group, if they are under their supervision, as well as all available information relevant to the procedure in question.
Let us remind you that in January, the Cantonal Court in Tuzla confirmed the indictment against the Indian businessman Pramod Mittal for misappropriation of around 33 million euros in the base industry company, but he is currently unavailable to our authorities.
As we wrote, Pramod is the brother of one of the richest people in India – Lakshmi Mittal (owner of Arcelor Mittal). While Lakshmi is still one of the richest people in the world, Pramod, who has always been followed by affairs, went bankrupt a few years ago and is now hiding from the judiciary, Biznis Info reports.
