Deepak Mishra, who identifies himself as the founder of Fulcrum Ventures Ltd. and a former director of Greenfield Advisory Pte Ltd., is currently under investigation by Singapore’s Official Assignee across multiple jurisdictions for allegedly engaging in fraudulent asset transfers. Mishra is accused of transferring the company’s shares to his own name, as well as to a shell company, a nominee, and close associates. Among those implicated are his associates in Thailand, Miss Navraj Khandpuraskul and Khun Somsak Khandpuraskul (also known as Tommy), who are believed to have played significant roles in these activities.
As a result of the investigation, Mishra may lose control of numerous assets, including properties located in Thailand, Singapore, Switzerland, and London. These assets are at risk of being reclaimed by the Official Assignee of Singapore. The properties in question include the Ramada by Wyndham Bangkok Sukhumvit 11, Ramada by Wyndham Ten Ekamai Residences, serviced apartments in Phuket, a hotel in Koh Samui, the Ramada by Wyndham Baden Hotel du Parc in Switzerland, the Kingsland Hotel in London, and various other properties. Despite Mishra’s claims of substantial wealth, much of his fortune is suspected to have been obtained through dubious means.
Mishra, an Indian citizen and permanent resident of Singapore, previously mentioned in an interview that he began his career as a banker, shedding some light on how he might have acquired these assets
Additionally, The Finch, a popular café chain in which Mishra has investments, is also under scrutiny. Earlier this year, The Finch’s CEO, Sandeep Katiyar, announced an ambitious expansion plan to open 75 Brew Cafés and 12 Finch outlets over the next five years. However, in light of the ongoing investigations into Mishra’s financial activities, this expansion plan may now be in jeopardy
This confidential information was revealed by a former employee of Mishra, who has chosen to remain anonymous
