Bankim Brahmbhatt, a US-based telecom entrepreneur of Indian origin, has been accused of orchestrating a large-scale loan fraud worth more than USD 500 million, according to a report by The Wall Street Journal (WSJ).

Bankim Brahmbhatt serves as the President and CEO of the Bankai Group, according to a July social media post. Through the Bankai Group, he owns two lesser-known telecom companies, Broadband Telecom and Bridgevoice. The group presents itself as a global provider of infrastructure and connectivity solutions, offering services to telecom operators at all levels around the world.

Allegations of fabricated revenue and inflated loans

Brahmbhatt, the owner of Broadband Telecom and Bridgevoice, allegedly created fake customer accounts and receivables to secure massive loans from Am

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