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Wednesday, November 5, 2025

Tag: offshore accounts

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.

Indian-Origin CEO Bankim Brahmbhatt Accused in $500M BlackRock Fraud

Bankim Brahmbhatt allegedly orchestrated a $500 million fraud scheme targeting BlackRock's private credit arm and BNP Paribas using fake invoices and offshore accounts.