News Articles for Pankaj Oswal

Oswals' Ugandan drama draws in Blair

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Once the most flamboyant rich-listers in Perth, Pankaj and Radhika Oswal have sought the help of Cherie Blair to extricate their daughter Vasundhara from detention in Uganda.

Council knocks back Taj on Swan site proposal

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A proposal for a two-storey house on the former Taj on Swan site has been refused by the council, but the applicants were offered another chance if the design plans are revised.

Two-storey home proposed at former Taj on Swan site

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A two-storey house, including a basement and swimming pool, has been proposed at the former Taj on Swan site in Peppermint Grove.

$4bn Derby fertiliser project unveiled

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A small Perth company with backers in Dubai has announced ambitious plans for a $4.1 billion project to convert gas from the Canning Basin into fertiliser and petrochemicals.

Perth tax agent deregistered

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The Tax Practitioners Board (TFB) announced this morning that it had terminated the tax agent registration of Peter Moltoni, following an investigation into the Perth accountant's ties to a shell company in the British Virgin Islands.

Perth tax adviser facing $35m tax bill

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Perth accountant Peter Moltoni has been hit with a $34.5 million tax assessment after the ATO took a close interest in disputed payments by his former client Pankaj Oswal.

Gillett purchases Taj for $17m

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UPDATED: The massive block of land that once housed the derelict half-built mansion dubbed the "Taj on Swan" in Peppermint Grove has failed to sell at auction, but an offer was accepted on Friday 3 August.

Sotheby’s markets Taj to the world

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A Peppermint Grove property once home to the infamous ‘Taj on Swan' is set to go under the hammer, with the owners recently engaging Sotheby's International Realty to run a global sales campaign.

Bulldozers move in at Taj on the Swan

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Perth's ‘Taj Mahal on the Swan', the unfinished, derelict mansion owned by Pankaj and Rhadika Oswal, is finally being demolished. CLICK THROUGH TO SEE MORE PHOTOS.

ANZ settles Oswal dispute

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Indian business couple Pankaj and Radhika Oswal are "very satisfied" with a commercial settlement with the ANZ Banking Group believed to be worth hundreds of millions following their high profile legal dispute.

Oswals, ANZ close to settling case

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Pankaj and Radhika Oswal are close to settling their legal battle with ANZ Banking Group, but are unlikely to end up with the $1.5 billion to $2.5 billion they wanted.

Some payments benefited Oswal: court

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Indian businessman Pankaj Oswal admits he benefited from some payments using Australian fertiliser company money, a court has heard.

ANZ exec denies putting Oswal in headlock

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A senior ANZ executive denies putting Indian businessman Pankaj Oswal in a headlock or threatening his wife that she too could end up in jail for fraud, a trial has heard.

Oswal took $150m, court hears

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Indian businessman Pankaj Oswal misappropriated more than $150 million in company funds for his Perth homes, a vegetarian restaurant chain, luxury cars and planes, a court has heard.

Yara pays Apache $US391m

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Norwegian company Yara International has moved to full ownership of the giant ammonia plant built by Pankaj Oswal in the Pilbara, paying a price that reflects the expected impact of higher gas prices in future.

Perth's 'Taj Mahal' to be demolished

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Perth's infamous eyesore mansion, dubbed the Taj Mahal on the Swan, will be demolished after the former fertiliser magnates who didn't complete it reached an agreement with the local council.

Building bridges to India

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Successfully doing business in India involves navigating a labyrinthine world usually impenetrable to outsiders.

Oswal loses “unusual” move to delay trial

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Pankaj Oswal has lost a bid to delay a $500 million lawsuit in which he is suing Apache Corporation over damages related to the cost overrun on the development of Burrup Fertilisers' ammonia plant in the Pilbara.

Rambal waits for urea moment

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Vikas Rambal is pushing ahead with his multi-billion dollar fertiliser plant and pursuing a newfound appetite for property investment.

Perdaman weighs options on SW project

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EXCLUSIVE: Western Australia could lose a major economic development opportunity in the South West if the $3.7 billion Perdaman Chemicals and Fertilisers urea project is forced to look east for vital coal feedstock, its boss Vikas Rambal has warned.

Apache to buy 65% stake in Burrup

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Apache Corporation today confirmed it has signed a deal with ANZ Bank to buy the 65 per cent interest in Burrup Holdings once held by the Oswal Group.

Oswals, Stowe fall-out a cautionary tale of what can happen when the dream fades

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WHEN Pankaj Oswal emerged with a 5 per cent stake in listed Phosphate Australia in late 2008 – a little more than $2 million for 5.5 million shares at an average of 36 cents each – he was at the to

Oswals, Yara, claim win in court judgement

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Pankaj Oswal and Radhika Oswal and their former business partner, Norwegian chemicals giant Yara International, have both claimed victories in the Supreme Court of Western Australia today, in a bat

Oswal seeks enquiry into PPB's actions

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Pankaj Oswal has launched further legal action against PPB Advisory, calling into question the insolvency firm's release of confidential documents pertaining to Burrup Fertilisers, which could affe

Tap waits for Burrup call

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Tap Oil says it expects any bidders for Burrup Fertilisers will have to contact it, as the legal and contractual disputes over its gas supply deal with Burrup escalate.

Oswal fires new shots on Burrup saga

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Beleaguered fertiliser tycoon Pankaj Oswal says PPB Advisory has used Burrup Fertilisers funds in an “irresponsible and unacceptable manner” since being appointed receiver and manager of the compan

Oswal tees off on Burrup administrators

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Fertiliser tycoon Pankaj Oswal has let loose on the administrators of Burrup Fertilisers, saying their mismanagement of the plant is diminishing shareholder value and could have already cost up to $US100 million in revenue.

Yara halts US$700m Burrup project

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A stand-off between Pankaj Oswal and his business partner, Norwegian company Yara International, has prompted Yara to halt its plans for a $US700 million ammonium nitrate plant on the Burrup Peninsula.

Dubai base on the cards for industrialist but receivers may want to meet the Oswals

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The sudden departure of the Oswals leaves many questions unanswered.

Oswal offers $20m to Burrup

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Pankaj Oswal has been accused of producing misleading information after he said he offered to deposit $20 million into Burrup Fertilisers to "avoid expensive and damaging litigation" stemming from the investigation of Burrup's financial irregularities.

Oswals to skip Burrup meeting

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Burrup Fertilisers' creditors meeting tomorrow will be without its star attraction, after Pankaj and Radhika Oswal said they would not return, and added that Perth may not be part of their future plans.

ANZ puts Burrup into receivership

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ANZ Banking Group placed Burrup Fertilisers into receivership late Friday after it was unable to broker a settlement between the group's estranged shareholders, Pankaj Oswal and Norwegian group Yara International.

Potential Burrup shake-up in the mix

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A major restructure of Pilbara fertiliser producer Burrup Holdings is believed to be under discussion in a bid to resolve the ongoing battle between its estranged owners, Indian businessman Pankaj Oswal and Norwegian giant Yara International.

Yara legal action unnecessary: Burrup

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Burrup Holdings has claimed that a legal battle with its 35 per cent shareholder Yara Australia is "a cynical attempt to muddy the waters" in relation to a commercial dispute over the pricing of its ammonia exports.

Yara lodges legal action against Burrup

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The dispute between Burrup Holdings managing director Pankaj Oswal and the company's 35 per cent shareholder Yara Australia has escalated after Burrup blocked an independent audit of its financial accounts.

Hospital, schools dominate commercial property deals

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HOMES in Mosman Park attract prices of $5,000 to $7,000 per square metre, depending on their proximity to the water.

Winners of the 40 Under 40 Award

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Congratulation to WA's Top Young Acheivers.

Yara spends $US141m on Burrup stake

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Norwegian fertiliser company Yara International ASA has lifted its stake in Burrup Holdings to 35 per cent after purchasing additional equity from the company's founder and chairman Pankaj Oswal.