A US-based telecom entrepreneur of Indian origin, Bankim Brahmbhatt, has been accused of running a massive loan fraud worth over $500 million, according to a report by The Wall Street Journal (WSJ).
ALLEGATIONS OF FAKE REVENUE AND INFLATED LOANS
Brahmbhatt, who owns Broadband Telecom and Bridgevoice, allegedly created fake customer accounts and receivables to obtain large loans
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