A shocking case of financial fraud has come to light involving an Indian-origin CEO accused of carrying out a $500 million scam in the US and now facing a lawsuit. Several lenders, including BlackRock-backed HPS Investment Partners, have accused Indian-origin telecom executive Bankim Brahmbhatt of this massive fraud. According to The Wall Street Journal , he executed the scheme by generating money through fake invoices and bankrupt firms.

How Bankim Brahmbhatt orchestrated the Fraud?

Bankim Brahmbhatt, the owner of telecom-services firms Broadband Telecom and Bridgevoice fabricating invoices and accounts receivable that were pledged as collateral for massive loans. The suit, filed in August in the United States, alleges that Brahmbhatt’s network of companies built an illusion of financ

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