LBMA investigating purity of Indonesian gold

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The London Bullion Market Association (LBMA) said it is reviewing allegations involving Indonesian state miner Aneka Tambang (Antam) (ANTM.JK), over the purity of its gold products.

Indonesia's Attorney General Office has named six former general managers at Antam's Precious Metal Processing and Refining Business Unit as suspects for alleged misuse of Antam's stamping service.

Investigators said over the period of 2010-2021, the suspects oversaw production of around 109 tons of gold through the alleged illegal practice.

The investigators did not disclose from where the gold originated from or where it was distributed to after stamping.
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Does the LBMA even assay the gold in their vaults?
 
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