Mennica Polska withdrew bullion bars from the Swiss refinery Valcambi from sale
June 25, 2026
An investigation into possible revenue inflation and transactions between entities within the Rajesh Exports group—one of the largest companies operating in the global gold market—has drawn the attention of the global media to Valcambi, a Swiss refinery owned by the group. The producer of investment bars has also become the focus of an investigation launched by the London Bullion Market Association (LBMA). In response to these ongoing proceedings, Mennica Polska has decided to temporarily withdraw Valcambi products from sale.
According to reports published by international media and documents from the Indian securities regulator SEBI (Securities and Exchange Board of India), investigators are examining whether some of the transactions carried out between companies belonging to the Rajesh Exports group may have led to the artificial inflation of revenue. According to Reuters, the group is accused of inflating the revenue of its Swiss refinery, Valcambi, by $159 billion—an amount that did not appear in domestic accounting investigations. The investigations are ongoing, and the findings presented so far are allegations and are subject to further verification.
From Mint of Poland