ArcelorMittal seeks immunity from probes in Essar Steel case, says report

Steel major ArcelorMittal has approached the government seeking immunity from any future investigations that may happen pertaining to Essar Steel and its erstwhile promoters, the Ruia family, The Economic Times reported, citing people familiar with the matter.

According to the report, Lakshmi Mittal wants to avoid a recurrence of any controversy. The report added that ArcelorMittal has told the government that any future or ongoing investigations into past deals of the Ruia family should not impact the assets of Essar Steel.

“ArcelorMittal has held talks with several ministers and civil servants, and has received a positive reply,” one of the persons aware of the development told the paper, adding the company reached out to ministries including home, finance, law and defence.