No...if BlindRead says that it got an error-free image, then it got a perfect image...which means that the problem goes beyond just being a bad CD. If you can, try another machine...see if the same thing happens. I know that game has many, many endings, maybe it's also possible you found one that ePSXe doesn't emulate...also, try using FPSE, AdriPSX, etc., and if you have VGS, try that too.
Upon failing that, I believe that ePSXe has a place where you can mail save-states that freeze on you in the interests of improving the emu... Maybe you found one such problem... maybe you're using a Kalisto copy... maybe it's just a driver problem... maybe this... maybe that... I can't say. If you do send a save-state, be aware that the problem will still not be solved until possibly at the next release.