Competition Commission of Switzerland (COMCO) has opened an investigation against seven major financial institutions, who are suspected of manipulating the prices for precious metals. This is the agency TASS reported citing the official report of the Central Bank of Switzerland.

"The Commission has opened an investigation against the two Swiss banks - UBS and Julius Baer & Co, as well as against financial institutions, Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui, - the report says the commission.

According COMCO, a number of signs point to the fact that these banks are "able to sign illegal agreements on the precious metals market."

In early 2015 the US The Wall Street Journal wrote that the US Department of Justice employees are also studying the operations of financial institutions associated with the establishment of the price of gold, silver, platinum and palladium in London. According to the newspaper, in the view of the US authorities were 10 banks - Bank of Nova Scotia, Barclays, HSBC, Credit Suisse, UBS, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Societe Generale and Standart Bank.

It was also reported that Polyus Gold, the largest gold miner in Russia in the future, the next few years, plans to increase its production capacity of gold in the Irkutsk region in more than 2 times.

A subsidiary of Polyus Gold - the largest gold miner in Russia - attracts 100 million. Dollars JSC "ING Bank (Eurasia), is part of the financial group ING. This is stated in the message of" Polyus Gold ". Funds are raised for three years.

Guarantor of the transaction made by JSC "Firstborn" (a subsidiary of Polyus Gold), to mine gold in the Irkutsk region, and OAO "Aldanzoloto" precious metal mining in Yakutia.

Polyus Gold is an international company engaged in the extraction and production of gold in Russia. The headquarters are located in London. Polyus Gold Shares are traded in the premium segment of the London Stock Exchange