Frauds,
Scams &
Public Records

Finnest Group Ltd Was Wound Up by the High Court. While Pledging £25 Million to a Temple and Billions to Investors, Its Bank Account Held Less Than £1,000.

Finnest Group Ltd (Company No. 11931638) — registered at Chiswick Tower, 389 Chiswick High Road, London W4 4AN — was wound up by order of the High Court of Justice, Business and Property Courts in Liverpool, on 12 March 2025, before District Judge Johnson. Case reference: CR-2024-LIV-000329.

The petition was brought by Gravitilab Aerospace Services Limited (Company No. 11301994), a creditor, filed on 22 October 2024. The court ordered Finnest Group to pay the petitioner's costs: £4,590.50 for the December 2024 hearing and £12,997.00 for the remainder of petition costs. The Official Receiver was appointed liquidator by operation of the order.

The abridged accounts filed with the UK Government at Companies House — Finnest's own submissions to the public record — tell their own story. While Finnest Group was being presented publicly as an entity capable of pledging £25 million to a temple and backing billions in international deals, its actual "Cash at Bank" line item across every year of filed accounts was as follows:

At its lowest recorded point — the year before the winding-up petition was filed — Finnest Group Ltd had £968 in its bank account. Not £968 thousand. Not £968 million. Nine hundred and sixty-eight pounds. Less than a month's rent on a London studio flat. The entity used to announce itself as the financial vehicle behind billions of pounds of international investment was, in reality, operating with barely enough cash to cover a grocery shop.

The confirmation statement filed at Companies House — which includes the full details of shareholders — lists Biswanath Patnaik as the sole shareholder of Finnest Group Ltd. There are no other investors, no institutional backers, no co-owners on the UK public record. The "group" had one person behind it and less than £1,000 in the bank.

📎 Image Evidence — click to enlarge

High Court Order

Official Receiver Notice

Companies House Filing History

WU04 Liquidator Appointment p.1

WU04 Liquidator Appointment p.2

WU04 Liquidator Appointment p.3

BNP Venture Capital Ltd Has Filed Accounts for a Dormant Company Every Single Year Since It Was Incorporated in 2018. It Has Never Traded. Its Confirmation Statement Is Now Overdue.

Biswanath Patnaik presents himself publicly as Chairman of the "BNP GROUP of Companies — Private Equity Investment Bank, Venture Capital Funds." One of those headline entities — BNP Venture Capital Ltd (Company No. 11517793), incorporated 15 August 2018, registered at 24a Sydenham Road, London SE26 5QW — has filed accounts for a dormant company every single year since the day it opened.

All information below is drawn directly from public filings published by the UK Government at Companies House.

What "dormant company accounts" means. When a company files accounts described as "Accounts for a dormant company," it is making a legal declaration that the company has had no significant accounting transactions during that financial year. In practice, this means the company did not trade, did not buy or sell goods or services, did not receive income, and did not incur operating expenses. Dormant accounts are the simplified filings a company submits to confirm there was no business activity at all. BNP Venture Capital Ltd has filed dormant accounts for 2019, 2020, 2021, 2022, 2023, and 2024. That is every year of its existence — from incorporation to the present day.

The 2019 balance sheet — the company's first filed accounts — shows net assets of £100, composed entirely of 100 ordinary shares of £1 each. That capital is listed as "Called up share capital not paid" — meaning even the £100 in nominal founding shares had not actually been paid in. The 2024 balance sheet — six years later — shows the exact same figure: £100 cash at bank, £100 net assets, £100 total shareholder funds. Nothing has changed.

Twice threatened with dissolution. The Registrar of Companies issued a First Gazette Notice for BNP Venture Capital Ltd on 7 January 2020, warning the company would be struck off and dissolved within two months unless cause was shown. It survived — but the same notice was issued again on 5 March 2024. A venture capital firm that has received two separate official dissolution warnings in five years has not been operating as a venture capital firm.

Confirmation statement now overdue. As of the date of this publication, the confirmation statement for BNP Venture Capital Ltd is overdue: it was due by 30 December 2025, last filed 16 December 2024, and has not been submitted. Under UK company law, failure to file a confirmation statement is grounds for the Registrar to begin strike-off proceedings — which would result in the company being dissolved. This would be the third time dissolution proceedings have been initiated against this entity. A company incorporated in August 2018 that has never traded, has £100 in assets, has been threatened with dissolution twice, and is now overdue on its basic compliance filing is not a venture capital operation. It is a name on a register.

📎 Image Evidence — click to enlarge

Companies House Overview

Balance Sheet 2019

Balance Sheet 2024

1st Gazette Notice 2020

Striking Off Discontinued 2020

1st Gazette Notice 2024

Striking Off Discontinued 2024

One of His "BNP Group" Crown Jewels on LinkedIn Is a Permanently Closed Fuel Company That Made $385 in Its Last Reported Year.

Biswanath Patnaik's LinkedIn profile — the same profile that presents him as chairman of a global private equity empire spanning London, Dubai, Warsaw, Zurich, Singapore, and Ghana — lists him as Founder of Urjani Fuels Pvt. Ltd. since February 2021. The listing sits among his professional experience under "Business Ownership and Equity Trading," presented as one of the active pillars of the BNP Group of Companies.

📎 Image Evidence — click to enlarge

LinkedIn: Founder, Urjani Fuels

Google Maps: Permanently Closed

Revenue: ₹32.2K (FY2024)

USD Equivalent: ~$385

His "Global Investment Conglomerate" Claims 520 Projects Completed, 800+ Employees, and 3,000+ Satisfied Customers. He Is the Only Person Listed Across All His Entities on LinkedIn.

BNP Family Office (bnpfamilyoffice.com) presents itself as a "global investment conglomerate dedicated to fostering innovation and sustainable growth." The website displays four statistics designed to establish scale and credibility: 520 Projects Completed · 800+ Workers Employed · 18 Awards Won · 3,000+ Satisfied Customers.

Each of these numbers invites an obvious question — because he is supposed to be an investor, not a contractor.

520 "Projects Completed." Private equity and investment firms measure portfolio companies, investments made, and exits achieved — not "projects." The language of a construction company or a web design agency has been borrowed here to manufacture an impression of activity. There is no public record of a single investment Patnaik's entities have completed, funded, and exited. Not one portfolio company page. Not one disclosed return. Not one independently verified transaction.

800+ Workers Employed. On LinkedIn, every entity associated with Biswanath Patnaik — Finnest Group, BNP Venture Capital, BNP Investments, BNP Family Office — lists him as the only employee. The People section of each company profile shows one person. Not 800. Not 80. Not 8. One. The claim of 800+ workers exists nowhere except this website's statistics counter.

3,000+ Satisfied Customers. Investment firms do not have customers in the retail sense. They have investors and portfolio companies. The use of "3,000+ satisfied customers" is the language of a consumer service business transplanted onto an investment vehicle to make it appear operational at a scale that does not exist.

The "Key Figures" section features people who have since cut ties with him. In promotional materials, the BNP Family Office website and associated content displays photographs of individuals presented as key members or partners of the BNP Group. Several of these individuals are, according to information provided to this archive, people who entered into deals with Patnaik, did not receive what was promised, and have since had no further involvement with him. Their faces and names continue to be used to imply an active, staffed organisation — without their current consent or participation.

The "portfolio" section does not exist. Any legitimate investment firm maintains a portfolio page listing companies it has funded, with deal dates, sectors, and investment sizes. BNP Family Office has no such page. In its place, the website's "Latest Activities" tab shows photographs — Patnaik at various locations presented as evidence of deals in progress. A photograph of gold is attributed to engagement with a Ghanaian royal family. Electric vehicle charger images are described as projects — but appear to be sketches and renders, with no evidence of purchase, payment, or construction. A photograph with His Highness Sheikh Ahmed Al Qassimi was taken at a formal event where Polish investors introduced Patnaik to the Sheikh as part of a mutual investment project — a project for which, according to information provided to this archive, neither the Polish investors nor the Sheikh's side received anything except fabricated financial documents.

📎 Image Evidence — click to enlarge

BNP Family Office: Key Figures & Stats

BNP Family Office: Latest Activities

After the High Court Wound Up Finnest Group in the UK, He Relaunched as "BNP Finnest" in the USA. The "HQ Address" Is a Registered Agent Filing Service Used by Tens of Thousands of Shell Companies.

The website bnpfinnest.com — registered in October 2025, seven months after the High Court wound up Finnest Group Ltd — presents a rebranded entity called BNP Finnest, billing itself as "The Future of Private Equity, Today." The site features Biswanath Patnaik's photograph, uses identical language to prior BNP Group websites ("we are more than investors — we are partners"), and lists three associated domains: bnpinvestments.me, bnpventurecapital.uk, and bnpif.com.

The contact address listed on the website as the company's location is: 16192 Coastal Highway, Lewes, Delaware 19958, USA.

That address is not an office. It is the registered address of Harvard Business Services, Inc. — a Delaware company formation and registered agent service that has formed over 400,000 companies since 1981 for clients from around the world. For a fee of $50 per year, any individual anywhere on earth can use this address as their company's Delaware registered address, with no requirement to have any physical presence, staff, or operations in the United States.

Delaware is the most common US state for anonymous company formation. Its registered agent system allows individuals to establish US corporate entities with minimal disclosure requirements. The address at 16192 Coastal Highway, Lewes, Delaware is shared by tens of thousands of companies incorporated through Harvard Business Services — including entities that have been identified in fraud cases, forged document schemes, and offshore financial structures. The address itself has appeared in documented fraud investigations including a European Chess Union case involving forged bank documents and over €1 million in misappropriated funds.

The website was built and launched in October 2025 — the same month the Official Receiver was filing the winding-up paperwork for Finnest Group Ltd at Companies House. One entity formally in liquidation; a new-branded website appearing immediately, at a jurisdiction-anonymous US address, presenting the same person, the same language, and the same proposition to a new audience.

📎 Image Evidence — click to enlarge

BNP Finnest Contact Page

What's Actually There

Satellite View

Address in Overseas Jobs Scam

Address in Panama Papers

Address in ECU Fraud Case

BNP Investments LLC Was Allocated ₹449.9 Crore in LIC's IPO. Funds Never Arrived.

BNP Investments LLC — described in public reporting as a Dubai-based investment, consulting, and financial services firm established by Biswanath Patnaik in 2018 — was allocated Rs 449.9 crore for 4,741,830 shares in the Life Insurance Corporation of India (LIC) IPO anchor book. LIC's IPO was India's largest at the time, collecting Rs 5,627 crore from 123 anchor investors.

BNP Investments LLC was the only foreign anchor investor in the entire LIC IPO. Despite receiving this allocation, it failed to remit the funds to India — publicly attributed to a "technical issue" with the custodial account that persisted across multiple attempts between April 29 and May 2.

The gap left by BNP Investments was plugged by domestic mutual funds — SBI Multicap Fund stepped in with Rs 353.6 crore, and NPS Trust contributed Rs 159.9 crore to cover what BNP could not deliver. The company had a SEBI registration as a foreign portfolio investor.

📎 Image Evidence — click to enlarge

The Economic Times: LIC Anchor Book

NDTV Profit: Article Headline

NDTV Profit: Article Detail

A Dubai Company Renamed Itself "BNP-DMF" on His Instruction, Then Transferred $650,000 Based on Documents He Provided That Were Later Found to Be Fabricated. He Vanished.

DMF Dubai — a company whose owner publicly identifies as "Owner at DMF" — published a detailed statement on LinkedIn alleging that in 2022, their company transferred approximately USD 650,000 to Biswanath Patnaik under a formal agreement. But before the money moved, something else happened: the company changed its name to BNP-DMF.

This was not coincidence. According to information provided to this archive, Patnaik routinely told prospective partners and victims that for funds to arrive — for any investment, transfer, or deal to proceed — the counterparty's company name needed to contain his initials: BNP. His stated justification was that unnamed backers, implying government-level investors including the Government of India, required visible confirmation that he had operational control over the entity before releasing funds.

There is a basic problem with this claim. BNP are not Biswanath Patnaik's initials. His name is Biswanath Patnaik. He has no middle name. His actual initials are BP. The "BNP" branding — applied to BNP Investments, BNP Venture Capital, BNP Family Office, and now demanded of counterparties — is a fabrication. A man who cannot correctly construct his own initials was convincing companies to rename themselves to create the appearance that he owned them.

The real function of the name-change demand was simpler: once a company was renamed BNP-DMF, BNP-anything, Patnaik had a new logo, a new entity name with his letters on it, and a screenshot he could circulate on WhatsApp to the next target as apparent evidence of yet another acquisition — another company in the "BNP Group portfolio." The rename was not a due-diligence requirement. It was PR material for the next victim.

📎 Image Evidence — click to enlarge

DMF Dubai LinkedIn Statement

He Claimed BNP Had Acquired 60% of a Saudi Mining Company Whose Ultimate Owner Is Mohammed bin Salman, Crown Prince of Saudi Arabia. The Deal Was Terminated After the Saudi National Bank Reviewed BNP's Accounts.

In early 2024, Biswanath Patnaik publicly promoted via WhatsApp that "BNP GROUP is very blessed to acquire 60% ownership of most globally powerful mining assets based company with its ultimate owner non other than His Excellency MBS of Saudi Arabia" — referencing silica, platinum, and gold mines. The Saudi counterparty was Meel Investment Company Ltd — a company whose ultimate beneficial owner is Mohammed bin Salman Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, and one of the most powerful individuals on earth. Patnaik had, in other words, decided to enter a deal — and subsequently fail to perform on it — with a counterparty whose principal is the ruler of Saudi Arabia.

Company registry documents confirm BNP Investments held 60% of the Saudi joint venture with Meel Investment Company Ltd (40%), formed to acquire shares in Saudi mining companies. The agreement between BNP Investments LLC (Dubai) and Meel Investment Company Ltd was dated 3 February 2024. Article 5 stipulated a 60-day window for BNP to fulfill its obligations. BNP failed to meet those obligations.

Meel Investment Company then contacted the Saudi National Bank (SNB) to verify the banking accounts of BNP Investment Co. What came back from that verification was evidently decisive.

Image evidence — click to enlarge

The letter does not state what the Saudi National Bank reported about BNP's accounts — but whatever it was, it was enough for Meel's board to immediately terminate the partnership and begin winding up the joint Saudi entity. A man who circulates $14 billion net worth certificates had his banking status reviewed by a major national bank at the request of a counterparty connected to the Saudi Crown Prince — and the deal collapsed the same day.

BNP Announced It Was Buying Poland's Biggest Esports League for €7 Million. No Money Arrived. The Company Went Bankrupt, Leaving Employees with Months of Unpaid Salaries and Contractors Without Payment. He Had Negotiated the Price Up.

In February 2024, FinNest Group and BNP Venture Capital Ltd announced with considerable fanfare — on LinkedIn, in press releases, and in statements attributed to Patnaik — that BNP Group had "successfully acquired 100% of the shares of Polish Esport League and PLE TECH sp. z o.o." The deal was described as "the largest investment in financial terms in this sector in Poland." Shareholders of the Polish Esports League included Marcin Gortat, the former NBA professional basketball player.

The agreed acquisition price was €7 million. This number deserves scrutiny, because Patnaik did not negotiate it down — he negotiated it up. By the time negotiations concluded, he had pushed the price higher than where it started. The reason, according to information provided to this archive, was straightforward: publicly announcing that he was buying Poland's biggest esports league for €7 million was a more impressive story to circulate to other targets than announcing the same deal for €1 million or €2 million. The inflated price was not a business decision. It was a PR decision — a number chosen for how it would sound on WhatsApp to the next victim.

There was a further problem with the deal structure. Wojciech Jeznach — the board member who informally ran the company and was its operational leader — had sourced the investor and was entitled to a finder's commission from the shareholders for bringing in a buyer willing to pay €7 million. No other buyers existed at that price. 750,000 Polish złoty was agreed as his commission. Critically, Jeznach demanded and received this commission before Patnaik had paid a single euro for the company. He spent the money finishing construction on his house in Klaudyn, near Warsaw, and the remainder on a trip to Miami. The formal CEO was Paweł Kowalczyk.

On the basis of Patnaik's repeated assurances that the €7 million was coming, PLE's leadership took out private personal loans to keep the company operational. Staff were told that as soon as the investor's money arrived, salaries would be paid. The money never arrived.

On 24 June 2024 — four months after the announced acquisition — Polish Esports League S.A. published a formal statement withdrawing from the investment agreement and announcing legal action against ASI BNP Investment Fund, Finnest Holdings Ltd, and BNP Venture Capital Ltd for failure to fulfill financial obligations.

The consequences were severe. Polish Esports League subsequently filed for upadłość likwidacyjna — liquidation bankruptcy under Polish law. The company collapsed leaving employees with two or more months of unpaid salaries, contractors unpaid, and other companies that had helped organise events without reimbursement. People who had been told for months that the money was coming, who had taken out personal loans on that basis, were left with nothing. Employee accounts of working conditions during this period can be read at gowork.pl — Poland's equivalent of Glassdoor — where former staff have documented their experiences.

📎 Image Evidence — click to enlarge

FinNest LinkedIn

PLE LinkedIn Post p.1

PLE LinkedIn Post p.2

PLE Statement (EN)

PLE Statement (PL) p.1

PLE Statement (PL) p.2

PLE Statement (PL) p.3

BNP Investments LLC Claims a Prestigious Dubai Address. The Building Says They Left for Non-Payment — and Filed a Legal Case Against Them.

BNP Investments LLC's website lists its office as "19th Floor, D-4 Conrad Sheikh Zayed Road, Po Box 5610, Dubai" — the Spider Business Center inside the Conrad Hotel, one of Dubai's premium business addresses. This address is publicly displayed as the company's registered location to clients and investors.

When Spider Business Center was contacted to verify whether BNP Investments LLC held a current office with them, their response was unambiguous.

📎 Image Evidence — click to enlarge

BNP Investments Website

Spider Business Center Email

BNP Investments LLC continues to display the Spider Business Center address on its public-facing website as of the date of this publication. The address it claims as its registered office is one where it has not been a tenant for over a year — and against which a legal case has been filed for non-payment.

His Financial "Proof of Funds" Documents Are Fabricated. Templates Found Freely Online. One Claims €119 Trillion at Deutsche Bank — More Than the Entire World's GDP. He Later Told the Victim to Just Edit It Down to €1 Billion And Send It To The Bank.

Across multiple deals documented in this archive, Patnaik provided counterparties with financial documents to establish that he had the funds to complete the transaction. These documents include Readiness, Willingness and Ability (RWA) letters, Standby Letters of Credit (SBLCs), Medium Term Note (MTN) assignments, bank account statements, and proof-of-funds confirmations, bearing the names of institutions including Deutsche Bank, HSBC, CITIC Group, Euroclear, Castrum Capital, and TMI Trust Company.

Recipients of these documents who have subsequently searched for their key phrases online have found them — word for word, line for line — on document-sharing platforms such as Scribd, and on websites offering "35 Editable Bank Statement Templates [FREE]" and similar. The documents are not proprietary financial instruments. They are freely circulating templates from the internet, associated with known financial fraud schemes, with Patnaik's details inserted.

The editing is visible. Names, amounts, ISIN numbers, and entity names appear in a different font and different size to the rest of the document text — the telltale sign of someone typing over a template rather than generating a document from source. The original placeholder data — random names, random amounts, random reference numbers — is sometimes left in the body of the document unchanged, because the editing stopped at the fields that mattered for the immediate pitch.

Exhibit A: AVIS Capital Limited — "Franchise Asset Management Agreement for Gold Diamond Accounts"

One document circulated by Patnaik is a "Franchise Asset Management Agreement for Gold — Diamond accounts" bearing the name of AVIS Capital Limited (PLC), dated 17 January 2024, and signed by Patnaik as Director of BNP Investment Fund. The document claims AVIS Capital has assigned to BNP Investment Fund four HSBC Medium Term Notes for two years, for the issuance of 17 guarantees of 00 million each — a total of .5 billion. The ISIN identifiers given are: US404280AH22, US404280AJ87, US404280AQ21, US404280CT42 — typed in a noticeably different font and size to the surrounding text.

A search for AVIS Capital Limited takes approximately two minutes. The company — also operating as AVIS Bank and AVIS Global Bank — is the subject of extensive public fraud warnings. Its Twitter/X account @AvisGlobalBank has published posts documenting individuals associated with the company, including images described as showing Helmut Josef Koenig in custody. Austrian court records confirm that Helmut Josef Koenig — from Feldkirch — was convicted at Feldkirch Regional Court in November 2009 and sentenced to six and a half years in prison for defrauding approximately a dozen investors from Germany, Switzerland, Turkey, and the USA out of a total of €4.5 million in securities transactions. He subsequently escaped from a detention facility in July 2013 — weeks before his scheduled conditional release — and was arrested in Feldkirch two months later. Separate proceedings were reported regarding an alleged offer of €50,000 to the head of the psychological service at Sonnberg Prison in exchange for supporting his early release application.

Patnaik took a document from a company publicly associated with a convicted fraudster, typed his entity details over it in a different font, and sent it to counterparties as evidence of .5 billion in assigned financial instruments.

Exhibit B: Deutsche Bank Balance Sheet — €119 Trillion in Available Funds

A balance sheet circulated by Patnaik bearing Deutsche Bank's name claimed he held €119 trillion in available funds. To contextualise that number: total global GDP in 2025 is approximately €100 trillion. €119 trillion is roughly five times the size of the United States economy and approximately 190 times the net worth of Elon Musk. It is not a number that exists in private wealth. It is not a number that exists in any bank. It is a number someone typed into a template.

When a recipient of this document pointed out the obvious problem, Patnaik's response was not to explain, retract, or apologise. His response was to tell the victim to amend the document — to edit it down to €1 billion. He was instructing a counterparty to manually alter a financial document he had provided as proof of funds. The document was already fake. He was asking them to make it a differently-sized fake.

Image evidence — fabricated documents

Named Individuals Are Publicly Stating Money Was Stolen From Them. One Claims an Active Arrest Warrant in Dubai. Another Says $180,000 Was Taken Using the Same Methods Documented in This Archive.

The following statements were made publicly by named individuals on X (Twitter), under their own verified account names, in posts visible to the public. They are reproduced here verbatim as public statements of record.

In a separate post on Reddit and X, the same individual elaborated: "He has stolen 20K USD from me in Dubai, as well as he owes me 800K for work done. I have a case on him and there is an active arrest warrant for him in Dubai. He has been out of country since July." The total amount claimed — $20,000 taken plus $800,000 owed for work — is stated as the subject of active legal proceedings in the UAE.

Khandayat's post was made in reply to the @Bis_Scamnaik_ account — which documents Patnaik's activities — and explicitly describes the same methodology documented elsewhere in this archive as having been used against him personally, resulting in $180,000 taken.

These are not anonymous allegations. They are statements made under real names, on public platforms, by individuals describing specific sums and specific legal consequences. The pattern they describe — money taken, promises not kept, legal cases filed, subject having left the jurisdiction — is consistent with the documented record throughout this archive.

Finnest Group Pledged £25 Million to Build a Temple. No Money Was Ever Received. The Same Pattern Has Since Been Repeated With at Least Five Other Temples — Including a £12 Million Pledge to a Second London Temple.

In January 2023, Finnest Group — associated with Biswanath Patnaik — publicly pledged £25 million (approximately Rs. 250 Crores) for the construction of the Shree Jagannatha Mandir London, a proposed temple project run by Shree Jagannatha Society UK (SJSUK), a registered UK charity. The pledge was introduced publicly by Arun Kar, Patnaik's partner, who brought the connection to SJSUK.

The pledge was announced publicly in May 2023. Repeated commitments were made in media interactions and in private. No funds were ever received. No land was purchased. The project never started.

In October 2024, SJSUK formally ended all association with Finnest Group and instructed Patnaik's representatives to stop referencing the charity or the temple project in any public forum.

📎 Image Evidence — click to enlarge

SJSUK Official Statement

Following publication of material about Patnaik's activities, this archive was contacted by an individual connected to the Jagannatha temple project who asked to remain anonymous. Their messages, reproduced with their permission, describe their experience directly:

The detail about Jalaram Mandir in Alperton, London — a separate Hindu temple — being promised approximately £12 million by the same individual, after the Jagannatha pledge had already failed, indicates this is not an isolated incident but a repeating method: approach religious communities with large headline pledges, generate goodwill and public association, deliver nothing. According to this source, the pattern has been used on at least five temples. The communities involved are typically volunteer-run organisations working to serve diaspora religious life — not sophisticated commercial counterparties equipped to conduct due diligence on a claimed billionaire investor.

He Promised a Donation to a Community Rugby Club. They Installed a Tent on That Basis. Five Months Later — Nothing. "Reassurance After Reassurance. Excuse After Excuse."

Wimbledon Rugby Football Club — a 160-year-old community club whose stated mission is developing young people through sport — was approached by Biswanath Patnaik of BNP Group, who offered a donation to support their work. The club believed his word. BNP Group's logo was displayed prominently at the club on a "BNP Group / BNP Sports — Proud to Support Wimbledon RFC" sponsorship board, photographed alongside the local mayor and club members. On the basis of Patnaik's pledge, the club moved ahead with plans and installed a stretch tent to create an all-weather environment for players and spectators.

Professor Barry Hooper — Director of the Digital Communications Centre of Excellence (DSIT/CCS) and a member of Wimbledon RFC's executive committee — published a detailed public statement on LinkedIn naming Patnaik directly.

📎 Image Evidence — click to enlarge

BNP Group Sponsorship Photo

LinkedIn Statement by Prof. Barry Hooper

The amounts involved here are small relative to the other incidents on this page. That is precisely what makes it notable. This was not a complex cross-border investment deal. It was a donation to a volunteer-run community sports club for young people — and it still did not arrive. The pattern of pledging, reassuring, and not delivering appears to operate regardless of the scale of the commitment.

He Posed in Swindon Town's Dugout Alongside the Club's Chairman and Owner. No Shareholder Record Has Ever Confirmed an Acquisition.

On 24 July 2024, Biswanath Patnaik posted on his Instagram account (@drbiswanathpatnaik) a series of photographs taken inside Swindon Town FC's County Ground stadium — sitting in the home dugout, in the stands, and on the pitch. The caption read: "BNP FINNEST GROUP SET TO ACQUIRE SWINDON TOWN FC."

The photographs show Patnaik seated in the manager's dugout alongside Clem Morfuni, Swindon Town FC's Chairman and Owner, and two other individuals. The presence of the club's actual chairman and owner in the photographs made the acquisition appear credible to those who saw it — this was not a stadium tour, but a meeting with the man who owns the club.

At the time of this post, BNP Venture Capital Ltd — one of the named acquiring entities — held £100 in assets and had twice received dissolution warnings from the Registrar of Companies. Finnest Group Ltd was four months away from facing a High Court winding-up petition. The Polish Esports League had already been waiting months for funds from these same entities that never arrived. Morfuni's presence in the photographs suggests a meeting did take place — what was discussed, and what documents or representations Patnaik may have provided, is not known to this archive.

📎 Image Evidence — click to enlarge

Instagram: "BNP FINNEST GROUP SET TO ACQUIRE SWINDON TOWN FC"

Dugout: Patnaik & Morfuni

Stands: Three-Person Photo

Swindon Town Crest — "Industrious. Adventurous. Humble. 1879."

He Was Photographed With Watford's Chairman and CEO, Got a Personalised Jersey Made, and Sent a WhatsApp Claiming He Was on a "Promising New Journey" With the Club. Watford Has Been Owned by the Pozzo Family Since 2012. This Takes 30 Seconds to Verify.

Biswanath Patnaik posted photographs presenting himself as a prospective or active owner of Watford FC — the Championship club based at Vicarage Road. The photographs show him on the pitchside at Vicarage Road, wearing a Watford FC replica shirt, and — most strikingly — holding a personalised yellow Watford match jersey printed with "B.N.P — 23" alongside Scott Duxbury, Watford FC's Chairman and Chief Executive Officer, and two other individuals.

Alongside these images, Patnaik circulated a WhatsApp message that read: "Watford FC championship league — excited & Looking forward to a promising new journey." The combination of pitchside access, a personalised squad jersey, a photograph with the club's Chairman and CEO, and a WhatsApp message about a "new journey" was designed to create an unambiguous impression: BNP was acquiring Watford FC.

Watford FC's ownership is not obscure information. Gino Pozzo has been the sole owner since 2014, with the Pozzo family having acquired the club in 2012. Scott Duxbury is the club's Chairman and CEO — the same person photographed with Patnaik holding the personalised jersey. The club's ownership structure is published on its own official website. Any person receiving the WhatsApp message about a "promising new journey" at Watford FC could verify within thirty seconds that the club was not for sale and had not changed hands.

Duxbury's presence in the photographs, like Morfuni's at Swindon, confirms a meeting took place. What Patnaik presented to Duxbury during that meeting — what documents, what financial credentials, what representations — is not known to this archive. What is known is that no transaction followed, and none was ever recorded.

📎 Image Evidence — click to enlarge

Personalised BNP Jersey with Scott Duxbury

Tour of Executive Areas with Duxbury

Pitchside at Vicarage Road

WhatsApp Message: "Promising New Journey"

Watford FC Crest Carpet

B.N.P #23 Shirt — Dubai Skyline

Watford FC Shirt Selfie

Watford FC Club Shop — Graham Taylor Statue

🎥 Video Evidence — Patnaik pitchside at Vicarage Road

SOURCE: Video footage — Biswanath Patnaik walking the Vicarage Road pitch during BNP/Finnest Group visit to Watford FC

He Cannot Keep His Net Worth Consistent. LinkedIn Says 20 Billion. One Certificate Says 4 Billion. Another Says .5 Million (Individual) and Billion (Companies). Other Articles Say Different Numbers Again. Who in the World Uses Net Worth Certificates to Prove They Are a Billionaire? And Why Are the Numbers Different Everywhere in Such a Short Period?

Across platforms and documents, the figures never add up. LinkedIn states 0 billion. One Apex Auditing certificate (September 2023) certifies USD 14,000,000,000. Another document — a plain, unbranded "NETWORTH CERTIFICATE" with no issuer name, no signatures, and no seals — dated 31 December 2022 certifies Mr. Biswanath Patnaik (Indian National, passport Z4905094) with an individual net worth of USD 7,500,000.00 (USD 7.5 million) and his companies BNP Investment LLC (Dubai) and BNP Venture Capital (London) with a combined net worth of USD 1,000,000,000 (USD 1 billion) "as per statement of latest computation and assignment of two cash backed bond" with given ISINs. So in under a year you go from .5M + B to 4B — and elsewhere he claims 0B. A person with real wealth has one number. Here the numbers change by the document and the audience.

Who in the world even uses net worth certificates to prove they are a billionaire? Genuine ultra-high-net-worth individuals do not rely on anonymous, unbranded certificates or obscure local auditors. If you have billions, why not pay a prestigious auditing firm — an actual one with a real reputation? The answer is obvious: reputable firms would not issue such a certificate without proper verification, and they would not do it for a client whose story does not add up. So the "proof" comes from a firm that will.

The most prominently cited certificate — the one for USD 14 billion — was issued by Apex Auditing (Dubai, UAE), "Chartered Accountants – Auditors & Consultants" in Port Saeed, Dubai. The company apparently claims to exist since 2013. On LinkedIn it has 301 followers and 16 people associated with the company. When you look deeper, the picture is bizarre: one person listed is a professional Assistant cook, another a Sales Associate at Apex Auditing — odd roles for an auditing firm that is supposed to certify billionaires. Most of the people linked to the company do not even show their faces in their profile pictures, as if they know how much trouble they are in and prefer to stay out of sight.

Take Darshan Gajjar — the only person on LinkedIn who claims to be an Auditor at this company. He does not show his face; his profile uses the default silhouette. He has no professional licenses. His qualification is a Master's in Finance from Gujarat University — not even in the top 50 universities in India. In his profile description he has a cover letter, as if he is ready to find a new job right away: "Dear Employer, I would like to enquire about positions available within your organization…" And his past experience is simply poor: as we can read, it revolved around typing data into systems — account payable/receivable entries, documenting financial transactions, preparing payments, updating supplier records — at Al Maya Group and before that at a small CA firm and an institute. This is the only named "Auditor" at the firm that certified USD 14 billion. Of course he is not showing his face; as any rational person in that position might not.

Public reviews add more. A verified review (e.g. by Jeffrey, Local Guide, a year ago) describes a sophisticated fraud scheme involving Apex Auditing and ISBMC Management Consultancy in Saif Zone, Sharjah: the two companies deceive people by promising bank loans conditional on an audit report from Apex; once the report is paid for, ISBMC stops responding and the promised loan never materialises — the two entities split the money. The review names Mr. Ali from ISBMC as the ringleader and Mr. Muhammad from Apex as his accomplice, and warns to be cautious with Ms. Divya, who handles these dealings. Other reviews state that Apex is blacklisted by all banks in the UAE and works with ISBMC to trap clients seeking loans.

Image evidence — net worth certificates & Apex Auditing

He Claims His "Proudest Milestone" Is an FCA Licence. There Is No Entry for Him or Any of His Companies on the FCA Register. Anyone Can Check in 30 Seconds.

Published biography and promotional material describe "Achieving Recognition in the Financial Sector" and state that "Among the proudest milestones in Biswanath's career was securing the prestigious FCA license, which solidified his reputation in the UK financial market." The same narrative cites completing his first 0 million transaction and expansion into the UAE real estate sector as further proof of his standing.

The UK Financial Conduct Authority (FCA) maintains a public Financial Services Register. A search for "Biswanath Patnaik" under Individuals returns no matching results. There is no entry for him or for his companies. The register is freely searchable; the result takes under a minute to verify.

Image evidence

Every "Media Feature" About Him Is a Paid Placement. Asia One Labels It "Sponsored Feature" on Screen. Forbes India Calls It "Brand Connect." Forbes Monaco Folded Months After Publishing His Article — and His Article Was Never Even Sold in Kiosks.

Biswanath Patnaik's media presence — used to establish credibility with investors, partners, and victims — consists almost entirely of paid advertorial content published in outlets that accept payment for coverage. When examined closely, each placement carries a label that, under its euphemism, means the same thing: someone paid for this to be published.

Asia One. A profile of Patnaik appears in Asia One magazine. The YouTube version of the same content, available on Asia One's official YouTube channel, carries a label visible in the top-left corner of the video: "Sponsored Feature." Not journalism. A paid placement.

CEO Insights India. An article about Patnaik was published in CEO Insights India — a publication with approximately 18,000 LinkedIn followers, modest even by Indian trade press standards. The publication's own website contains a visible "Media Partnership and Advertising and Marketing" section in its contact page, making its paid-content model explicit. Following contact from a source who informed the publication about Patnaik's record, the article appears to have been taken down and is no longer accessible on the website.

Forbes India — Brand Connect. Patnaik was featured in Forbes India under a section labelled "Brand Connect" — visible in the top-right corner of the article. Forbes India's own website describes Brand Connect as a "paid content or native advertising initiative": the Indian edition's official mechanism for publishing sponsored advertorial under the Forbes name. The cost of a Brand Connect placement has been reported at approximately ₹250,000 — around $2,700. Patnaik posted about this Forbes India appearance publicly, presenting it as a media feature. It was a purchase.

Forbes Monaco — Brand Voice. Patnaik appeared in Forbes Monaco under a label reading "Brand Voice" — Forbes's terminology for paid sponsored content. The headline described him as one of "Two Unstoppable Indians Changing the World." Neither individual has any disclosed connection to Monaco. The article makes no mention of Monaco. There is no evident reason to publish in a Monaco-focused outlet except that Forbes Monaco, by the time this article appeared, was in severe financial difficulty: Monaco Life reported that Forbes Monaco halted publication at the start of 2023 due to financial reasons, with its website going dark and social media going silent. The Patnaik article was published in the months immediately before this collapse — suggesting the publication may have been willing to accept smaller amounts than standard Forbes licensed editions. Critically, the print run for this article was produced in a specific quantity to order — it was never distributed through regular kiosks or newsstands, because it was a paid Brand Voice placement, not editorial content.

MagnateView. As documented in this archive, MagnateView operates from a registered agent address in Wyoming shared by over 200,000 companies. Its article on Patnaik carries no byline, no independent sourcing, and no paid content disclosure. It is formatted as an interview.

The pattern across all of these is identical: find a publication that accepts payment for coverage, pay for a placement, post the resulting article as if it were independent journalism, and circulate the links to investors and partners as evidence of media recognition. The labels are there if you look — "Sponsored Feature," "Brand Connect," "Brand Voice" — but they are designed to be overlooked. When they are not overlooked, the entire edifice of his media credibility collapses, because there is nothing beneath it that was not purchased.

Asia One YouTube: "Sponsored Feature" — visible label. Forbes India: "Brand Connect" — Forbes India's own definition: "paid content or native advertising initiative." Forbes Monaco: "Brand Voice" — Forbes terminology for paid sponsored content. Forbes Monaco halted publication early 2023 due to financial reasons (Monaco Life). Forbes Monaco article: never distributed through kiosks; produced to order as a paid placement. CEO Insights India article: taken down following contact about Patnaik's record.

SOURCE: Asia One YouTube channel — sponsored feature label visible on video · Forbes India Brand Connect programme — described on Forbes India's own website · Forbes Monaco Brand Voice · Monaco Life — Forbes Monaco halted publication, early 2023 · CEO Insights India — article removed from website · MagnateView — registered address 30 N Gould St, Suite R, Sheridan, Wyoming 82801

📎 Image Evidence — click to enlarge

Asia One / CNBC TV18: "Sponsored Feature" Label

Forbes India: "Brand Connect" Label

Forbes India Brand Connect Promotion Page

Forbes Monaco: "BrandVoice" — Two Unstoppable Indians

Forbes India November–December 2024: India's 100 Richest

CEO Insights: Patnaik Cover — "LSE Alumni" Edition

CEO Insights: About Us & Contact Page

He Insisted on Being Called "Dr BNP." Rushford Business School Cancelled His Doctorate After Breaches of Academic Principles. His Wife's MBA Was Also Withdrawn After a 25 Million Campus Pledge Never Arrived.

For years, Biswanath Patnaik insisted on the title "Dr BNP" in all professional contexts — his LinkedIn headline, business correspondence, public announcements, and media interactions. His published biography listed a "Doctorate in Business Administration from Rushford Business School, Switzerland"

According to information shared by Rushford Business School, Patnaik's honorary doctorate was formally cancelled by the university's academic board, following identified breaches of its academic principles and guidelines. To make it clear, something he never liked to mention is that his doctorate was honorary. Honorary Doctorate is non-academic degree bestowed by universities to recognize significant, career-long contributions to society, culture, or a specific field, rather than through traditional academic study. The title he built his public identity around — and used to present himself to investors, counterparties, charities, and media across multiple countries — has been formally revoked by the institution that issued it.

His wife's degree was also withdrawn. Manisha Dash Patnaik was affiliated with Rushford Business School and Maverick Business Academy London — photographed at a joint Maverick/Rushford graduation ceremony, receiving a Post-Graduate Diploma in Strategic Leadership. Rushford Business School had reportedly been promised a 25 million investment by Patnaik towards the establishment of an Australia campus. The funds never arrived. As a result, her MBA was subsequently withdrawn by the institution.

The doctorate was not a minor biographical footnote. "Dr BNP" was the cornerstone of his public identity — the title attached to every deal announcement, every LinkedIn post, every media interview. It was used when announcing the acquisition of the Polish Esports League. It appeared in the Meel Investment letter. It was how he introduced himself to Wimbledon RFC, to Saudi investors, to Polish esports executives, to Swindon Town, to Watford FC. The institution that gave him that title has now taken it back.

Image evidence — Rushford doctorate & cancellation

FinNest / BNP Group Announced a $100 Million Investment in Zero Carbon Technologies. It Was Publicised on YouTube, LinkedIn, and in a Paid Investor Video. No Regulatory Filing, No Exchange Listing, and No Evidence the Money Exists Has Been Found.

In late 2024, Biswanath Patnaik and his associate Arun Kar jointly announced that FinNest (described as "a BNP Group Company") was investing USD 100 million into Zero Carbon Technologies Limited (ZCT), a UK-incorporated company focused on battery recycling. The announcement was made via LinkedIn posts, re-shared by the FinNest Group page, and amplified through a professionally produced video on InvestmentPitch Media — a Canadian channel with 7,300 subscribers that publishes paid investor features.

The investment was described as a corporate bond to be listed on the Afrinex Exchange. No such bond listing has been verified on the Afrinex Exchange. No Companies House filing for Zero Carbon Technologies Limited reflects any investment of this scale. The company is registered at 71-75 Shelton Street, London WC2H 9JQ — a virtual office address used by thousands of UK-registered entities. Its confirmation statements and accounts show no capital injection consistent with a $100 million transaction.

The InvestmentPitch Media video — shared by FinNest Group on LinkedIn — describes Patnaik as "a world leader in Green initiatives" and states his education includes degrees from "the London School of Economics." As documented elsewhere in this archive, that LSE credential is an 8-week online short course run by a third-party provider.

📎 Image Evidence — click to enlarge

Arun Kar: "FinNest Invests USD 100 Million in ZCT"

ZCT LinkedIn: Patnaik Appointed Co-Chairman

ZCT Post: "Our Powerhouse Co-Chairman BNP & Director Arun"

FinNest Group Re-shares ZCT Sustainability Post

Patnaik with ZCT CEO Chris Farnworth in Dubai

Companies House: Zero Carbon Technologies Ltd

YouTube: FinNest Group Posts ZCT Feature Video

InvestmentPitch Media: Patnaik Bio Slide

InvestmentPitch Media: $100M Bond Announcement

InvestmentPitch Media: Forbes Monaco & Prime Insights Covers

He Claims a BA and MBA From Utkal University by 1999. He Was Born in 1978 — Meaning He Would Have Started University at Age 16. The Integrated MBA Programme He Claims to Have Completed Didn't Even Exist at Utkal Until 1999.

The official BNP Investments LLC biography, published on bnpinvestments.me, states: "Graduating in Economics in 1997 and earning an MBA in 1999 from Utkal University, Bhubaneswar, Odisha, India." Biswanath Patnaik was born in 1978. He claims to have completed both a BA in Economics (1997) and an MBA (1999) from Utkal University — meaning, by his own timeline, he would have started his undergraduate degree at the age of 15 or 16.

That alone strains credibility. But the decisive problem is the course itself. Utkal University's own Department of Business Administration website documents the exact years in which each of its MBA programmes was introduced:

An "Integrated MBA" — which combines undergraduate and postgraduate study in a single programme — is the only format that would allow someone to claim both a BA and an MBA from Utkal within the 1994–1999 window he describes. But the Integrated MBA at Utkal University was only introduced in 1999 — the same year he claims to have completed it. A programme cannot be finished in the year it was founded.

This matters because his entire claim to expertise in finance, investment banking, and economics is built on these foundational degrees. His public biography — circulated to investors, media, and counterparties across multiple countries — presents him as someone who trained rigorously in economics and business from an early age. The arithmetic of his own timeline, checked against the university's own published course history, makes that foundation doubtful. It raises a straightforward question: does Biswanath Patnaik hold a bachelor's degree at all?

📎 Image Evidence — click to enlarge

BNP Investments Biography

LinkedIn: Utkal University

Utkal University Website

He Claims an "LSE Education." It Was an 8-Week Online Short Course Run by a Third Party.

Biswanath Patnaik's LinkedIn profile lists The London School of Economics and Political Science (LSE) under Education, showing "Real Estate Economics and Finance, 2021–2022." His published biography goes further, stating he "completed a one-year Professional Management Course in Real Estate Economics from the London School of Economics in 2021."

When LSE's Academic Registry was contacted to verify Patnaik's attendance and program type, LSE's media relations office replied confirming the course is run externally and directing the enquiry to GetSmarter's contact address.

📎 Image Evidence — click to enlarge

LinkedIn Education Section

LSE Verification Email

GetSmarter: Course Listing

GetSmarter: Course Details

The course is an 8-week self-paced online programme, available to the general public at any time. It does not confer a degree, diploma, or postgraduate qualification from LSE. Presenting it under an "Education" section on LinkedIn — indistinguishable from a degree — alongside the claim of a "one-year Professional Management Course" is a material misrepresentation of academic credentials.

He Presents Publicly as a Devout Patron of Temple and Charity While Documented "Business Trips" Overlap with Escort and Adult-Entertainment Activity.

Biswanath Patnaik's public image emphasises his role as a patron of ISKCON and temple projects, including the Shree Jagannatha Mandir London pledge and donor portrayal. Separately, documented travel and expenditure patterns — including payments and communications linked to escort and adult-entertainment services — have been reported by sources. The same periods are described in his business communications as "business trips" and investor meetings. This archive does not assert causation; it notes the contrast between the religious-donor narrative presented to partners and the public, and the reported use of funds in contexts that are not disclosed to investors or temple bodies.

📎 Image Evidence — Escorts / business trips (11)

Lounge selfie

Boat / UAE

Emirates context

Red carpet

Club

Hookah lounge

Nightlife

Setting

Business trip

Venue

Context

Passport Scans / Identity Documents

This section is reserved for passport and identity-document evidence where relevant to the public record (e.g. verification of identity in transactions, travel, or legal filings).

📎 Image Evidence — Passport / ID

Passport Z5413514 — data page

Passport Z4905094 — data + stamps

Passport Z4905094 — data + stamps

His Reality: Twitter (2005 E-Class, Bus Stop) vs LinkedIn (CEO, ISKCON Patron, BNP VC)

Patnaik's Twitter and other personal social media have shown a different picture from his LinkedIn and paid articles: references to a 2005 Mercedes E-Class, bus-stop commutes, and everyday settings sit alongside LinkedIn claims of CEO status, ISKCON patronage, and BNP Venture Capital dates. The gap between the lifestyle implied by his investor-facing narrative and the one visible on his own posts is part of the pattern of misrepresentation documented in this archive.

📎 Image Evidence — His reality — bus, Mercedes, LinkedIn (6)

Bus stop selfie Sep 2017

Lampton Rd / WOODY KEBAB

Snowy Mercedes E-Class

Twitter Dec 10 2017 — Today in London

Twitter Sep 18 2017 — #NewProfilePic

LinkedIn — CEO BNP VC + ISKCON Patron

Donor and Philanthropist Portrayal: Small UNHCR Donations, Automated Emails, Never Showing Sums

Patnaik promotes himself as a donor and philanthropist. When examined, his charitable presence consists of small UNHCR donations, automated thank-you emails, and no public disclosure of amounts. The narrative of significant philanthropy is used in profiles and with partners; the underlying evidence does not support large or sustained charitable giving.

📎 Image Evidence — UNHCR donor image (5)

LinkedIn UNHCR Donor Full-time

UNHCR Thank you donation

UNHCR email — no amount

UNHCR Major Donors — Sudan

UNHCR thank you — Mamata

Alwernia Planet: Using a Real Polish Film Studio to Fake a 0 Million Acquisition

Alwernia Planet is a real, distinctive entertainment and film-studio complex near Kraków, Poland — easily recognisable by its cluster of sci-fi dome structures. Patnaik visited the venue, photographed himself there, used drone imagery of it as the backdrop for his BNP Investment Fund 2023 promotional material, and registered the brand "BNP Cine World — Home Multiplex". A contract clause for the purported acquisition names a "Sale Price" of USD 30,000,000 for all sold shares. No acquisition was ever completed; Alwernia Planet continues to operate independently and has no public record of any transaction with BNP Investments or any Patnaik entity.

📎 Image Evidence — Alwernia Planet / BNP Cine World (6)

Alwernia Planet — aerial view

Alwernia Planet — interior

BNP Investment Fund 2023 promo

Patnaik posing at Alwernia

BNP Cine World — logo

0M sale price — contract clause

Family Business: Father, Brother, Wife as Board and Trustees

Patnaik's entities repeatedly list close family members — father, brother, wife — in board, director, and trustee roles across BNP and related structures. This pattern is relevant to understanding control, governance, and the flow of funds and commitments documented elsewhere in this archive.

📎 Image Evidence — Family business (1)

HIS FATHER BROTHER WIFE — BNP Group doc

Additional Entities: UK Councils, Botley Community Land Trust, United Global Water Holdings, Saber Interactive, and Others

Beyond the matters set out in individual facts, Patnaik and BNP-related entities have been linked to dealings with UK councils, Botley Community Land Trust, United Global Water Holdings, Saber Interactive, and a number of other bodies. The same playbook — pledges, proof-of-funds documents, and non-payment or non-performance — has been reported in these contexts. This section serves as a placeholder for further documentation as it is consolidated.

📎 Image Evidence — UK councils, Botley, UNGWH, Saber (4)

UK councils — BNP Finnest signing

United Global Water — Board Member

Botley Community Land Trust

BNP Welcomes Team Saber — 17 Nov 2023

Arun Kar & Afrinex: Closest Associate, XpertNest/Finnest Overlap, Fraudulent Stock Exchange Bond Listings & Temple Role

Role of Arun. Arun Kar appears to be one of Biswanath Patnaik’s closest associates and accomplices. Multiple documents and corporate records show a significant overlap between entities connected to Arun and those connected to Patnaik — from shared promotional appearances and company branding to joint involvement in bond listings and the London Jagannath Temple pledge.

XpertNest and Finnest Group. The earliest financial statements of Finnest Group Limited show that the company was previously called XpertNest Group Limited. The Annual Report and Audited Financial Statements for the year ended 30 April 2023 describes the company as formerly known as XpertNest Group Limited, confirming the link between the Finnest and XpertNest identities.

Shared promotion and PR activity. Both individuals appeared in the same promotional ecosystem. They were featured together in a paid Forbes BrandVoice article in Forbes Monaco (headline: "Two Unstoppable Indians Changing the World"). BrandVoice articles are sponsored promotional content rather than editorial journalism. The publication shut down shortly after the article appeared, and the related book mentioned in the promotion appears to have had only a very limited distribution.

Afrinex Stock Exchange connection. Biswanath Patnaik is still listed as an Independent Director on the Afrinex website (as of March 2026). Afrinex presents itself as a stock exchange. Further investigation into Afrinex raises significant questions about its structure and independence, including indications that it may be closely linked to government entities in India. This topic is noted here as a separate area that requires deeper analysis in another article.

"Nest" companies and BizFinance materials. Arun's companies xpertNest and EarthNest were presented in BizFinance promotional materials as portfolio companies alongside Finnest. A clear naming pattern appears: many of the companies associated with this network end with "Nest" (e.g. xpertNest, EarthNest, FinNest). Promotional documents show these entities under the same .finnest / BNP Group branding.

Bond listings arranged by BizFinance. BizFinance promoted and arranged the following alleged bond issuances on the Afrinex exchange:

• $1.5 billion bond for XpertNest — 16 May 2023
• $500 million bond for EarthNest — 16 May 2023
• $10 million bond for BNP Investments LLC — 01 Feb 2022
• $1 billion bond for BNP Investments LLC — 05 Aug 2022

Victims were told that BizFinance could help companies raise capital through Afrinex and eventually take them public. A similar situation occurred with Zero Carbon Technologies: a bond was briefly listed but later removed after failing to attract buyers (bond for $100 million). BizFinance was later removed from involvement with that company.

Financial statements contradict the bond claims. When reviewing the financial statements of xpertNest, the scale of the claimed bond issuances appears implausible. The Total Exemption Full Accounts made up to 30 November 2023 show:

Companies with financials of this scale would typically not be able to support bond issuances worth hundreds of millions or billions of dollars. There is no evidence of such funds appearing in the company's financial statements, suggesting the bonds were never purchased.

Temple donation and Arun's role. Arun Kar introduced Biswanath Patnaik to the organizers of the London Jagannath Temple project, to which £25 million was publicly pledged. Documents exist showing Arun signing documents for XpertNest while using the stamp of Finnest, further illustrating the overlap between the entities.

Directorship of Finnest. Biswanath Patnaik served as a director of Finnest Group Limited (formerly XpertNest Group Limited / XPERTNEST LTD) from 18 November 2022 to 19 August 2024. Multiple documents show him signing as a director during that period, including Companies House AP01 (appointment) and TM01 (termination) filings and an Xpertnest affirmation page bearing a Finnest Investments stamp.

Current status of the bonds. The xpertNest and EarthNest bonds remain visible on the exchange website, but we know for a fact that they were never purchased. The same applies to both BNP Investments LLC bonds (the $10 million and the $1 billion listing) — neither was ever bought. The absence of any related capital inflows in company financial statements strongly suggests the listings were largely promotional. Arun Kar appears to have participated in the scheme, although the available evidence suggests his role was smaller in scale than that of Biswanath Patnaik.