The Central Bank of Russia revealed market manipulation in trading in shares of the St. Petersburg Exchange.
The decline was provoked by the dissemination of false information about the stock exchange filing a bankruptcy petition with the Moscow Arbitration Court. Market participants were selling shares on very unfavorable terms. It subsequently turned out that the exchange had not filed for bankruptcy. The audit materials have been sent to law enforcement agencies,” the Central Bank said. The authors of the bankruptcy forgery of theSt Petersburg Exchange declared debts of 435 million rubles.