It was just two years ago that Bankim Brahmbhatt, the Indian-origin CEO of a US-based telecom company, shot into the limelight after featuring in Capacity's Power 100 List, which recognises the top 100 leaders in the telecoms industry. The Gujarat-born Brahmbhatt now finds himself embroiled in a massive financial scandal worth a whopping $500 million (Rs 4,200 crore) involving American multinational investment company BlackRock.

Brahmbhatt, who seems to have pulled off a Houdini, is now facing a lawsuit in the US filed by HPS, the private credit investment arm of BlackRock. Brahmbhatt is the owner of the little-known companies Broadband Telecom and Bridgevoice. These belong to the Bankai Group, which previously identified him on X as its president and CEO.

THE MAKING OF A $500 MILLIO

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