Who is Vasundhara Oswal, daughter of billionaire businessman Pankaj Oswal, she owns Rs 1649 crore house, now under arrest in…

Vasundhara Oswal is the daughter of Indian business tycoon Pankaj Oswal, a member of the renowned Oswal family which runs the Oswal Group Global conglomerate.

Vasundhara Oswal, the stylish daughter of Oswal Group’s Pankaj Oswal and Radhika Oswal, has reportedly been detained in Uganda since October 1, 2024. Vasundhara’s family has alleged that she has been illegally detained and denied basic human rights and legal representation,

Why was Vasundhara Oswal detained?

As per reports, Vasundhara Oswal was visiting an Extra-Neutral Alcohol (ENA) plant owned by PRO Industries PTE Ltd — a subsidiary of the Oswal Global Group operating in Uganda– when armed personnel who claimed to be law enforcement officers, allegedly detained her without a warrant and any formal charges.

Besides Vasundhara, several of the company’s employees who accompanied, including its lawyer, Rita Ngabire, were also detained by the armed men, according to EU reporter.

Vasundhara’s father, Pankaj Oswal, has alleged that his daughter was detained based on false accusations levelled by a former Oswal Group employee who allegedly stole valuable assets and had taken a $200,000 loan with the family as guarantors. The business tycoon has filed an appeal in the United Nations Working Group on Arbitrary Detention against his daughter’s “illegal” detention.

In a public statement, Pankaj Oswal asserted that the accusations against his daughter are baseless, politically motivated, and aimed to exploit her high-profile position in the business space.

‘Stripped of dignity, human rights’

Following Vasundhara’s detention, her family has claimed that she has been denied access to basic human rights and has not been allowed to communicate with her family or lawyers.

Human rights lawyer Cherie Blair, who is representing Vasundhara Oswal in the case, in a statement, described her as “a vulnerable young woman, far from home, suffering through a traumatic experience.”

Pankaj Oswal has written an open letter Ugandan President Yoweri Museveni, claiming that his daughter is being denied basic rights, legal representation, and access to her family.

Who is Vasundhara Oswal?

Vasundhara Oswal is the daughter of Indian business tycoon Pankaj Oswal, a member of the renowned Oswal family which runs the Oswal Group Global conglomerate. Born in 1999, Vasundhara has a Bachelors degree in Finance from the prestigious University of Switzerland. After her education, Vasundhara forayed into the family business and is currently serving as the Executive Director of Axis Minerals.

Vasundhara has been primarily working with  PRO Industries and is credited with the company’s rapid growth in the last few years. Its been reported that Vasundhara has a very hands-on approach to handling business, as she often visits construction sites and oversees various projects, to make sure the company operations are running smoothly.

According to reports, Vasundhara’s roles at PRO Industries and Axis Minerals involve investment management, finance oversight, and liaising with government agencies to maintain regulatory compliance and secure new business opportunities.

Vasundhara Oswal net worth, lifestyle

Akin to many billionaires, the Oswal family is famous for their lavish lifestyle and recently grabbed headlines when they acquired one of the most expensive private homes in the world in Gingins, Switzerland.

Spread across an expansive 4.3 lakh square feet in the Swiss country side, Villa Vari estate, previously owned by Christina Onassis, the daughter of Greek shipping magnate Aristotle Onassis, was purchased by Pankaj Oswal and Radhika Oswal for a whopping $200 million (about Rs 1,649 crore).