As a prominent figure in the petrochemical and fertilization industries, Oswal’s ventures have stirred legal scrutiny from Australia to India, primarily over accusations of financial improprieties. Central to these accusations are claims that Oswal engaged in fraudulent activities, prompting investigations in Australia regarding funds used in constructing a lavish mansion that has come under audit for possible financial misconduct. Australian authorities, who initially flagged these expenses, are scrutinizing the origins of funding that allegedly did not align with declared earnings.
Adding to his legal turmoil, Oswal’s family has also encountered severe legal confrontations. His daughter Vasundhara Oswal has faced her own legal challenges in Uganda, where local authorities detained her on suspicion of currency-related violations. Her detention, which spurred diplomatic and media attention, reflects the extent of the Oswal family’s entanglements across multiple countries, with Ugandan officials alleging involvement in substantial currency manipulation.