Kazakh Regulator Finds Manipulation of Central Bank Unit’s Bonds
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Kazakhstan’s financial regulator said it detected almost two dozen instances of manipulation involving bonds issued by a central bank unit after examining 450 cases of suspected price-rigging in the local debt market last year.
In a statement to Bloomberg News, the watchdog said a probe it concluded Jan. 13 found that 22 deals with Kazakhstan Sustainability Fund JSC’s bonds were transactions “committed for the purpose of manipulation.”