An Indian-origin telecom executive and entrepreneur named Bankim Brahmbhatt is currently the central figure in a major financial controversy in the United States. He stands accused of masterminding a ...
An Indian-origin CEO has been accused of fraud by BlackRock and other lenders, who have since filed a lawsuit against him.
The asset management giant BlackRock says it has lost hundreds of millions of dollars to two little-known telecom companies that allegedly falsified collateral to obtain massive loans.
BlackRock and several other banks filed a lawsuit, claiming that Brahmbhatt's companies owed over $500 million.
The lenders have accused Bankim Brahmbhatt of fabricating accounts receivable that were meant to be used as loan collateral and filed a lawsuit against the CEO.
Indian-origin businessman Bankim Brahmbhatt has been accused of orchestrating a $500 million scam that defrauded BlackRock’s private credit arm and other lenders ...
BlackRock's private-credit investing arm and several major lenders are scrambling to recover more than $500 million lost in a ...
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