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The 'VBS' files bombshell: ISPAT payoffs to steel ministry?

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  • Published On: October 12, 2012
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When income tax officials raided a steel company's office in Ashoka Hotel in Delhi in December 2010, they found documents that noted the company's payments, all in cash, to officials in the steel ministry and some state-run firms. The firm that was raided was Ispat Industries Limited (IIL). At the time, it was owned and run by Pramod and Vinod Mittal, the brothers of steel tycoon and multi-billionaire Lakshmi Mittal.
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