đš SHOCKING SCANDAL: BlackRock Hit by $500 Million Fraud! đ„
Global asset management giant BlackRock has reportedly been duped in a $500 million (âš1.87 billion riyal) financial scam â allegedly masterminded by Indian-origin CEO Bankim Brahmbhatt. đ±
According to reports, Brahmbhatt fabricated fake contracts, invoices, and receivables, deceiving investors and auditors into releasing massive sums of money. đ°
Once the funds were approved, he allegedly transferred the money to India and Mauritius, filed for bankruptcy in the U.S., shut down his New York offices, and vanished without a trace. đ”ïžââïž
đŹ Experts are calling it one of the most stunning frauds in financial history, exposing major cracks in due diligence and institutional oversight at even the worldâs top firms.
đ The case has rattled investor confidence worldwide, and global regulators are now tracing the missing funds in what could become a landmark financial investigation. đ
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