Telco Company Accused of Fraud by HPS Seeks to Subpoena Vendor

The chief restructuring officer for Broadband Telecom, a company that has been accused of fraud by lenders including HPS Investment Partners, is seeking court approval to initiate an examination into a key Indian vendor with links to the founder and owner of the bankrupt firm.

Bankai Infotech Limited. — which shares its name with the parent company of Broadband Telecom, Bankai Group — has access to the bankrupt company’s servers and keeps records including emails and customer data for it under an outsourcing agreement, according to court documents dated Wednesday.

The subpoenas were requested after John D. ...