Who is Bankim Brahmbhatt? Indian-origin CEO accused of $500m scam at BlackRock – Key details
BlackRock's private credit arm, HPS Investment Partners, alleges a multi-million-dollar fraud by Bankim Brahmbhatt's telecom firms. Lenders claim Brahmbhatt fabricated receivables used as collateral for over $500 million in loans. Brahmbhatt's companies have filed for bankruptcy, and he is reportedly in India.
BlackRock's private credit arm, HPS Investment Partners, alleges a multi-million-dollar fraud by Bankim Brahmbhatt's telecom firms. Lenders claim Brahmbhatt fabricated receivables used as collateral for over $500 million in loans. Brahmbhatt's companies have filed for bankruptcy, and he is reportedly in India.
