The Central Bank revealed the fact of market manipulation at the auction of Trinfico Holdings bonds

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AK&M 25 November 2021 17:47

The Central Bank revealed the fact of market manipulation at the auction of Trinfico Holdings bonds on March 29-September 25, 2019. This is stated in the message of the regulator.

Transactions with bonds were concluded between AKB "Derzhava" and its clients - companies: "Landbroker", "Derzhava-Platforma", "Planet-Finance", as well as between "Derzhava-Platforma" and "Planet-Finance".

The companies concluded transactions with bonds by prior agreement in the main trading mode of the exchange on the basis of counter bids with identical parameters, issued with a slight time difference. In all transactions concluded during the period under review, significant deviations in the trading volume were revealed, most of the transactions led to significant deviations in the price of bonds, the Bank of Russia emphasizes.