31 Oct 2025 | 5 Mins Read
Indian-origin CEO Bankim Brahmbhatt in US $500 million scam probe
Flipitmoney
Bankim Brahmbhatt, an Indian-origin CEO, is accused of leading a $500 million scam targeting BlackRock's private-credit investing arm, HPS Investment Partners. The lenders claim Brahmbhatt fabricated loan collateral, diverting funds to offshore accounts. They allege he used fake invoices and contracts to deceive HPS, which had loaned him over $385 million.