Billionaire’s Firms Examined in Kazakh Bond Manipulation Probe
- Freedom units are said to be among firms that conducted trades
- Regulator questioned if some bond yields are artificially low
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Kazakhstan’s financial regulator was scrutinizing trades carried out by firms that include those run by billionaire Timur Turlov as part of a probe into possible manipulation of bond prices.
The inquiry centered on transactions last fall involving securities issued by Kazakhstan Sustainability Fund JSC, a state entity controlled by the central bank, according to people familiar with the matter.