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Central Authority Exposes Asset Manipulation by Business Leaders in Mosbirja, Run by Individuals from Perm

Evidence of market manipulation on the stock and futures exchange of MOEX has been uncovered by authorities involving two local businessmen from Perm Krai. The manipulated assets comprised shares of VTB, Sberbank, and 'LUKOIL', along with currency and metal futures, according to the central bank.

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Businessmen in Perm were discovered by the Central Bank to have manipulated their assets at...
Businessmen in Perm were discovered by the Central Bank to have manipulated their assets at Mosbirja.

Central Authority Exposes Asset Manipulation by Business Leaders in Mosbirja, Run by Individuals from Perm

In a significant development, two businessmen from the Perm region, Matytsin V.A. and Kasimov O.R., have been found to have manipulated the stock and derivatives markets of the Moscow Exchange. The investigation, led by Russian financial authorities and law enforcement agencies, has implicated several Russian limited liability companies, including LLC "NKK-Pariet," LLC "Invest-Profi," and LLC "InvestAlianc."

The case involves accusations of market manipulation practices such as creating artificial price movements, spreading misleading information, or coordinating trades to distort market prices. The exact methods of manipulation, securities involved, timeline, and legal outcomes have not been fully disclosed.

The scheme, which took place between January 14, 2020, and May 29, 2023, reportedly reduced the likelihood of orders being executed by external counterparties not affiliated with the violators' group. The businessmen were also found to prefer operations with low-liquidity financial instruments.

The investigation found that the individuals involved placed counter-orders almost simultaneously, with prices and volumes of transactions often matching. Following the investigation, orders were issued to prevent similar violations in the future.

For those interested in the latest updates or legal documents related to this case, official statements from the Moscow Exchange, the Central Bank of Russia, or court records would provide the most accurate and up-to-date information.

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  1. The manipulation of the stock and derivatives markets by Matytsin V.A. and Kasimov O.R., as uncovered in the investigation, has raised questions about their business practices within the broader industry and finance.
  2. In light of the manipulation scheme that involved several Russian limited liability companies, including LLC "NKK-Pariet," LLC "Invest-Profi," and LLC "InvestAlianc," there is increased scrutiny on the business sector's role in Russia's financial market.

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