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Former Mobileum executives charged over $915m sale

privateequitywire

5 months ago

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Two former executives at telecom software group Mobileum have been charged with fraud in connection with the company’s $915m sale to HIG Capital in 2022, according to a report by Bloomberg.
Andrew Warner, Mobileum’s former chief financial officer, and Kishore Vangipuram, the company’s former chief of delivery, are reportedly charged with artificially inflating the valuation of the business ahead of its sale by Audax Group to HIG. Mobileum later filed for bankruptcy in 2024.
Prosecutors allege th...

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