US Probes Telecom Companies That Borrowed From BlackRock’s HPS

Federal prosecutors are looking into a group of telecommunications companies that were accused of fraud in a lawsuit by their lenders, which included BlackRock Inc.’s private credit arm.

The US Attorney’s Office in Brooklyn, New York, is scrutinizing at least two companies, Broadband Telecom and Bridgevoice, and their owner, Bankim Brahmbhatt, according to a person familiar with the matter who asked not to be identified because the details are confidential.

Prosecutors have asked individuals with knowledge of the companies’ operations to voluntarily turn over documents, but it’s unclear whether officials have sent out subpoenas, said the person. Lenders sued ...