Some I-bankers cut deals with SMEs to inflate valuation, take share of illegal gains

An exclusive report by Moneycontrol reveals that some investment bankers have been colluding with small and medium enterprises (SMEs) to inflate valuations and share illegal gains. The investigation uncovers unethical practices where investment bankers manipulate financial statements and projections to present an inflated valuation of SMEs during fundraising activities. These inflated valuations mislead investors and result in significant financial losses. The report calls for stricter regulatory oversight and enforcement to curb such malpractices and protect investor interests. It also highlights the need for greater transparency and accountability in the investment banking sector to maintain market integrity.