In October 2023, Vasundhara Oswal, daughter of Indian-origin billionaire Pankaj Oswal, was arrested in Uganda. She was accused of kidnapping and murdering Mukesh Menaria. However, her family claims the allegations were false and part of a conspiracy by their business rivals. Despite the accusations, Menaria was later reported to be alive in Tanzania. Vasundhara spent several weeks in jail before being released on bail.
Oswal Family’s Luxurious Lifestyle
Pankaj Oswal and his wife, Radhika Oswal, live in Switzerland and own one of the world’s most expensive homes, Villa Vari, worth Rs. 1,649 crore. This 100-year-old mansion, formerly owned by Greek tycoon Aristotle Onassis, is a symbol of their extravagant lifestyle. Designed by Jeffrey Wilkes, the 40,000-square-meter villa features 12 bedrooms, 17 bathrooms, a helipad, a cinema hall, and breathtaking views of Mont Blanc.
History of Legal Troubles
The Oswal family has faced several controversies. Before moving to Switzerland, they lived in Australia, where they were accused of tax fraud and financial irregularities. Their ambitious project, a Rs. 558 crore mansion named “Taj Mahal on the Swan,” was halted due to regulatory violations and later demolished in 2016. They also faced allegations of a Rs. 768 crore fraud involving their company, Burrup Holdings, leading to their exit from Australia.
Pankaj Oswal’s Business Empire
Pankaj Oswal inherited a vast business empire from his late father, Abhay Kumar Oswal, the founder of Oswal Agro Mills and Oswal Greentech. Today, Pankaj’s ventures span petrochemicals, real estate, fertilizers, and mining. With a net worth of approximately Rs. 24,000 crore (USD 3 billion), he enjoys a lavish lifestyle, owning a private jet, a yacht, and a fleet of luxury cars.
Public Image and Media Attention
The Oswal couple is often in the limelight for their extravagant parties and high-profile lifestyle. Vasundhara, now actively involved in the family business, also attracts media attention. Her recent arrest once again brought the Oswal family into the global spotlight, raising questions about their legal history and influence.
