{"id":971102,"date":"2025-11-01T08:28:31","date_gmt":"2025-11-01T02:58:31","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=971102"},"modified":"2025-11-01T09:19:22","modified_gmt":"2025-11-01T03:49:22","slug":"indian-origin-man-at-the-centre-of-usd-500-million-loan-fraud-in-us","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/11\/01\/indian-origin-man-at-the-centre-of-usd-500-million-loan-fraud-in-us\/","title":{"rendered":"Indian-origin man at the centre of USD 500 million loan fraud in US"},"content":{"rendered":"<p>NEW DELHI: BlackRock&#8217;s private credit arm, alongside other lenders including BNP Paribas&#8217;s HPS Investment Partners, is fighting to recoup over USD 500 million in an alleged fraud involving telecom-services companies owned by an Indian-origin man Bankim Brahmbhatt, according to a report from The Wall Street Journal. The lenders filed a lawsuit in August, alleging Brahmbhatt&#8217;s companies, including Broadband Telecom and Bridgevoice, used fake accounts receivable as collateral for loans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: BlackRock&#8217;s private credit arm, alongside other lenders including BNP Paribas&#8217;s HPS Investment Partners, is fighting to recoup over USD 500 million in an alleged fraud involving telecom-services companies owned by an Indian-origin man Bankim Brahmbhatt, according to a report from The Wall Street Journal. The lenders filed a lawsuit in August, alleging Brahmbhatt&#8217;s companies, including Broadband Telecom and Bridgevoice, used fake accounts receivable as collateral for loans.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,76,17],"tags":[],"class_list":["post-971102","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/971102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=971102"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/971102\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=971102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=971102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=971102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}