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NEW YORK, NY — A massive loan fraud involving over $500 million has come to light, implicating Indian telecom executive Bankim Brahmbhatt in what experts are calling a “breathtaking” financial ...

Bankim Brahmbhatt, an Indian-origin CEO, is accused of orchestrating a staggering $500 million fraud at BlackRock's private credit arm, HPS Investment Partners.

Bankim Brahmbhatt, the Indian-origin CEO of a US-based telecom company, is facing a lawsuit in the US filed by HPS, the private credit investment arm of BlackRock.

HPS Investment Partners, the private-credit arm of BlackRock, is among global lenders seeking to recover hundreds of millions after being duped in a multi-year telecom fraud by Bankim Brahmbhatt ...

Lenders including BlackRock’s HPS Investment Partners allege that Brahmbhatt’s firms used fake invoices and customer accounts to secure massive loans before abruptly cutting off communication.

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.

Bankim Brahmbhatt, an Indian-origin telecom executive, is accused of orchestrating a $500-million loan fraud that allegedly deceived BlackRock’s private-credit arm, HPS Investment Partners. According ...