Indian-Origin Telecom CEO Bankim Brahmbhatt Faces $500 Million Fraud Allegations in BlackRock Loan Scheme

Nov 01, 2025 04:49 pm CST

Bankim Brahmbhatt, CEO of Bankai Group, stands accused of orchestrating a $500 million loan fraud scheme targeting BlackRock's private-credit arm and other lenders. The lawsuit alleges fabricated invoices and offshore transfers to India and Mauritius, while Brahmbhatt's companies have filed for bankruptcy. His lawyer denies all allegations.