BANGKOK, Thailand — Former fund-manager and prominent real estate investor Deepak Mishra has been ordered by the Singapore High Court to pay over USD 78 million as part of a landmark judgment that further exposes the scale of the Deepak Mishra fraud.
Mishra — who also goes by the name of the majority shareholder of Greenfield Advisory Pte Ltd and founder of Fulcrum Advisory Pte Ltd — and his wife, Nimisha Pandey, were found liable under case citation [2025] SGHC 170. The court cited evidence of complex offshore shell structures tied to their schemes, including the linkage of funds through Mauritius and the Cayman Islands.
Their business network extended into major real estate ventures — including One Oak World and international hospitality assets like the Parc du Baden Hotel in Switzerland and the Ramada by Wyndham Bangkok Sukhumvit 11. Despite their global footprint, the court found that much of the funding was channelled through front companies, consistent with an alleged One Oak Builders scam and Fulcrum Ventures scam.
Key Points:
- The judgment orders the duo to pay USD 71,321,679.83 plus 5.33% interest annually.
- Authorities in multiple jurisdictions are expected to enforce asset recovery across continents.
- Industry analysts say this case shines a spotlight on Southeast Asia’s growing vulnerability to high-profile investment fraud.
- For Thailand, the implications are significant: real estate markets and foreign investment frameworks must now account for tighter scrutiny and regulatory pressure.
Why It Matters:
- The case marks a major escalation in the crackdown on cross-border financial misconduct — signalling to investors that Thailand business circles are under increasing global oversight.
- It raises red flags for stakeholders involved in emerging market real-estate and startup finance, especially in sectors pitched as “foreign investment opportunities”.
- The exposure of the Deepak Mishra scam serves as a cautionary tale for local brokers, developers, and financiers to reinforce transparency and due-diligence standards.
What happens now?
An international probe has been launched against Deepak Mishra, the CEO of Fulcrum Ventures , over allegations of fraud and money laundering amounting to a staggering $120 million.
Mishra is accused of orchestrating an elaborate scheme to defraud investors globally, diverting funds through a web of fake entities and shell companies. 🌍
Authorities are investigating his involvement in:
• Misusing investor funds.
• Laundering money through international networks.
• Operating fraudulent schemes under the guise of legitimate ventures.
This case has sparked global attention, as it could lead to one of the largest financial fraud convictions in recent history.
As enforcement actions roll out from Singapore into Europe, Mauritius, and beyond, industry watchers predict a ripple effect — where fraud prevention frameworks will tighten and previously unchecked investment models may face collapse. For Thailand’s business and real-estate sectors, now is the time to “raise the bar” in compliance, risk-management and investor communication.
