Personal life
Pankaj is the son of Abhay Kumar Oswal, founder of Oswal Agro Mills and Oswal Greentech which are currently managed by his brother Shael Oswal. He grew up in India and studied at Mayo College, Ajmer and Manipal Institute of Technology. After graduating, he worked in several of his father's enterprises. He is married to Radhika Oswal; the couple has two daughters, Vasundhara and Ridi.Controversy
In competing legal claims over billions of dollars, Pankaj and his wife and their bank, ANZ Bank attacked each other. All lawsuits came to an end in August 2016, when the parties settled their lawsuits over their Burrup Fertiliser business. ANZ paid an undisclosed amount said to be hundreds of millions of dollars to Mr. and Mrs. Oswal for taking over Burrup Fertiliser Business without giving due consideration clearing their names from all allegations received.Competing claims
The couple had been accused of embezzling upwards of $150 million from Burrup Holdings to fund a lifestyle of private jets, yachts, luxury cars, and building a 'Taj Mahal' on the Swan River in Perth. The Oswals had accused ANZ staff of acting in a bigoted manner towards them, emphasising their background as Indian nationals. They had also claimed ANZ's former chief risk officer Chris Page had used physical force by putting Mr. Oswal in a headlock to force them to sign a guarantee over their shares that led to the forced sale of their stake. ANZ chief legal counsel was also accused of telling Mrs. Oswal they would report the alleged embezzlement and she and her husband would go to jail and their children would be orphans if they did not sign the guarantee. They also claimed ANZ breached its fiduciary duty when selling Burrup Fertilisers.References
External links