The Central Bank admitted signs of manipulation and insider in the default of “Eurotrans” // Mamut: the Central Bank checks the default of “Eurotrans” including signs of insider

The Bank of Russia (CBR) is studying the default of Eurotrans on bonds, including signs of market manipulation and insiders. This was told to journalists by the Deputy Chairman of the regulator Mikhail Mamuta.

“We are doing the work that the Bank of Russia should do within its powers,” Mamuta assured.

On the eve of the head of the Supervisory Board of the Moscow Exchange Sergey Shvetsov called on the Parliament to investigate the default of “Eurotrans”, which occurred despite the high rating, positive reporting and the presence of authoritative independent directors. This case threatens the entire market of digital financial assets and bonds.

Difficulties with the payment of coupons on bonds began at Eurotrans in March. Six months later, the company actually defaulted on all issues of debt securities. From September 18, shares of Eurotrans will move to the third level of the listing of the Moscow Exchange, they will also be included in the sector of high investment risk companies.