Vasundhara Oswal:Billionaire's daughter slapped with grave charges victim of illegal detention?

Her father Pankaj Oswal has filed an appeal with the United Nations Working Group on Arbitrary Detention (WGAD), alleging that she was illegally detained.
Vasundhara Oswal
Vasundhara Oswal
Updated on
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Vasundhara Oswal, the 26-year-old daughter of Indian billionaire Pankaj Oswal, is currently detained by Ugandan police on various charges, including criminal and economic offences.

While some media reports and videos reportedly from the Ugandan police suggest that the charges are related to the kidnapping and murder of a missing chef, other sources mention her involvement in fraudulent activities, particularly in connection with a cryptocurrency scheme.

Pankaj Oswal has filed an appeal with the United Nations Working Group on Arbitrary Detention (WGAD), requesting urgent action in what he alleges was the illegal detention of his daughter by Ugandan police. Curiously, the family hasn't yet approached the Indian government seeking intervention.

According to reports, some specifics of her case involve claims of financial misconduct and the illegal operation of investment schemes that misled investors. The Ugandan authorities have been cracking down on such activities, leading to her arrest.

Mysterious arrest

A 1999-born finance graduate from the University of Switzerland, Vasundhara Oswal was reportedly taken into custody on October 1 by a team of 20 armed men who are believed to be police officers though they apparently failed to identify themselves or show a warrant order.

The arrest took place at the family's extra neutral alcohol plant, which was recently set up in Uganda.

Pankaj Oswal stated in his appeal to the UN body that her illegal detention is due to false claims made by a former Oswal family employee who stole important assets and obtained a $200,000 loan with the family as guarantors. In the appeal, Pankaj Oswal has also requested an investigation into the situation.

Oswal Group

The Oswal Group is a diversified business conglomerate based in India, primarily known for its operations in various sectors, including textiles, chemicals, and renewable energy. Founded by the Oswal family in 1970, the group has established a significant presence in the Indian market and has expanded its operations internationally.

Historically, the Oswal group has been involved in manufacturing and trading, with a strong focus on sustainable practices, particularly in its renewable energy initiatives. Currently, it's a diversified business conglomerate known for its operations in various sectors, including textiles, chemicals, fertilizers and pharmaceuticals.

The family

Pankaj Oswal, an Indian billionaire entrepreneur known for his ventures in various sectors, gained prominence as the founder of the Oswal Group, which is also engaged in real estate and green energy, apart from the manufacturing businesses.

Oswal's family, with roots in Punjab, has made headlines not only for his entrepreneurial success but also for his philanthropic efforts, supporting education, healthcare, and community development initiatives.

The family is also known for a luxurious lifestyle and often appear in the media in connection with their high-profile events and charitable contributions. He has also been involved in various controversies related to his business dealings, adding complexity to his public image.

In recent years, the family's activities, including those of his daughter Vasundhara, have attracted media attention, particularly in connection with various legal issues. Overall, the Oswal family remains a notable name in the Indian business landscape.

The Oswal family, currently settled in Switzerland, was in the news recently after purchasing one of the world’s most expensive houses -- Villa Vari -- at Gingins, Switzerland. According to various media reports, the property, which is spread across 4.3 lakh square feet, was purchased for $200 million.

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