March 2013

Billionaire Lakshmi Mittal settle “oil commission” law suite with Moni Varma

"Moni Varma and Lakshmi Mittal are pleased to announce that their differences have been resolved. They shall be making no further comment," said a statement issued by the parties today. Mittal, 63, Britain's richest man and chairman and CEO of ArcelorMittal was being sued by former friend and fellow millionaire, Moni Varma - owner of Veetee Rice, over allegations that Mittal reneged on an agreement to pay...

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