Key facts
- India's markets regulator is probing the owner of Swiss gold refiner Valcambi SA.
- The owner is accused of inflating revenue by $159 billion.
- An interim order detailing the probe was issued on Wednesday.
India's markets regulator has initiated an investigation into the owner of the Swiss gold refiner Valcambi SA. The core allegation, as outlined in an interim order released on Wednesday, is that the owner significantly overstated the company's revenue. The alleged inflation amounts to a staggering $159 billion, raising serious concerns about financial reporting and market integrity.