American investment giant BlackRock has reportedly fallen victim to a multi-million-dollar fraud allegedly involving Bankim Brahmbhatt, the Indian-origin CEO of US-based telecom companies Broadband Telecom and Bridgevoice, The Wall Street Journal reported. Lenders, including HPS Investment Partners - the private credit arm of BlackRock - have accused Brahmbhatt’s firms of fabricating accounts receivable that were used as collateral for loans. The lenders now claim to be owed over $500 million. Brahmbhatt’s lawyer told WSJ that his client disputed the fraud allegations. Bankim Brahmbhatt is the founder, president and CEO of Bankai Group, a US-headquartered telecommunications and fintech company. In interviews with Entrepreneur Middle East and Industry Chronicle, Brahmbhatt des

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