Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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30-day online access to the magazine articles published during the subscription period.
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This means access to other articles (outside the subscription period) are not included.
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It is ironic because the late Stemcor Chairman Oppenheimer was also a willing co-conspirator helping PM/Ispat funnel money to fund the Nigeria shenanigans. Apollo Fund, having taken over Stemcor, has no such sentiments and pursued diligently Collection - on the other hand - from the Artful Dodger is another story.
I have been asked this Q from several law firms recently. "Why did LNM pay STC $200mm in 2019 and also fund the escrow and bail for PM in Bosnia? " The Reason I give is to "keep him out of Jail". HOWEVER PM bankruptcy is a blessing in disguise for LNM. One less worry of a close family member mucking around the world tarnishing the Mittal name and the memory of his late father Mohanlal - from the fruits of whose toil the brothers enjoyed. Even though the split was acrimonius LNM must have great respect for his late Father. I say this because in January 2008 it was at Mohanlal's request that LNM/Arcelor ntervened in the bankrupt Bulgaria steel company Kremikovtzi to "save the family reputation and clean up the mess".
and many foreign co.s too. plus
few countries also!