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Wednesday, November 5, 2025

Tag: fake invoices

Indian CEO Accused of $500M BlackRock Fraud: What Happened

Bankim Brahmbhatt allegedly orchestrated massive loan fraud using fake invoices, exposing vulnerabilities in private credit markets and leaving lenders scrambling.

BlackRock Hit by $500M Scam, Indian-Origin CEO Bankim Brahmbhatt Vanishes

Indian-origin businessman accused of orchestrating massive fraud scheme targeting BlackRock's private credit arm, with $500 million in fabricated invoices and vanished offices.

BlackRock Accuses Indian-Origin CEO in $500 Million Fraud Scheme

BlackRock's HPS investment arm alleges Bankim Brahmbhatt orchestrated elaborate fraud using fake invoices and diverted $500 million in collateral to offshore accounts.