Gujarat – Bankim Brahmbhatt, a Gujarat-born owner in the global telecom industry shocked the US private-credit giant BlackRock by $500 million fraud. This multinational giant was the investor in Brahmbhatt’s firms. Sources claimed that Brahmbhatt had falsified the invoices and accounts receivable that were pledged as collateral to secure massive loans. HPS, a private-credit investment arm of BlackRock, filed a lawsuit against him. But, Brahmbhatt denied the allegations and his current digital presence is little to be found.
According to a report, Brahmbhatt raised a million dollars from private-credit investors through a nexus of shell companies - Carriox Capital and BB Capital SPV. Till 2024, BlackRock gave around $430 million to Brahmbhatt’s firms. In July 2025, HPS employees discovered that the customers' email addresses provided by Brahmbhatt’s firms contain fake domains mimicking real telecom companies. Although Brahmbhatt told them not to worry about this, he cut off his communications with BlackRock. On August 12, Brahmbhatt filed for bankruptcy. The lawsuit filed by HPS mentioned that Brahmbhatt transferred the loan collateral to offshore accounts in India and Mauritius also.
There is hardly any information online about Brahmbhatt. His LinkedIn account appears to have been deleted. Bankim Brahmbhatt owns Broadband Telecom and Bridgevoice, a pair of little-known companies in the global telecom-services sector. These two companies belong to the Bankai Group. This group declared Brahmbhatt the president and CEO. Since the fraud came out, HPS visited offices in Garden City, New York. They found it closed and deserted. Report claims that two BMWs, a Porsche, a Tesla and an Audi, all dust-covered, were parked in the driveway.
Interestingly, Brahmbhatt featured in Capacity's Power 100 List of 2023 for his work in the telecom industry. Now, Bankim Brahmbhatt has become one of the most wanted fraudsters.
Ansari argued, special court, High Court, and Supreme Court's, refusal violated his fundamental right
Missing women's skeletal body found, remains sent to the Forensic Science Laboratory for DNA testing
Horrific Accident in Himachal Pradesh: Two Dead as Car Plunges into Gorge and Bursts into Flames
Authorities suspect the children accessed the pond area unsupervised
West Bengal Achieves Record 92.47% Voter Turnout in 2026 Assembly Polls, Highest Since Independence
Around 78 mm of rainfall in a short span and causing widespread flooding and traffic chaos
.jpeg)
Ganga Expressway to Reshape UP’s Growth Map, PM Modi Signals New Economic Corridor in Hardoi.
PM Narendra Modi Visits Kashi Vishwanath Temple, Offers Prayers Amid Devotional Fervor
Voters defy heat and minor skirmishes, driving high participation across critical constituencies in South Bengal
Major agencies projected a tight race, but underestimated Mamata Banerjee’s grassroots appeal and overwhelming victory.
Station House Officer R K Patel was removed and sent to police lines, while Outpost in-charge Sub-Inspector Aneesh Singh was suspended initial negligence
West Bengal CM Mamata Banerjee claims central forces and observers are systematically targeting TMC leaders and workers during the second phase of Assembly elections
Over 32 million voters in West Bengal cast ballots in the final phase of Assembly elections today across 142 seats.
High Court observed that the grounds for Malik’s detention lacked sufficient legal merit
Trump: Iran privately admits "state of collapse" amid war; Tehran rejects US ter...
Ganga Expressway to Reshape UP’s Growth Map, PM Modi Signals New Economic Corrid...
PM Narendra Modi Visits Kashi Vishwanath Temple, Offers Prayers Amid Devotional...
Voters defy heat and minor skirmishes, driving high participation across critica...
West Bengal CM Mamata Banerjee claims central forces and observers are systemati...
