14.02.2019

ISTANBUL GOLD REFINERY INC. FULLY DENIES ALLEGATIONS OF REUTERS ABOUT GOLD PURCHASE FROM VENEZUELA CENTRAL BANK.

With reference to the article published by Reuters under the title “How Venezuela turns its useless bank notes into gold” and Reuter’s statement that “Venezuela’s Central Bank has been selling its artisan gold directly to Turkish refiners” and that “gold buyers include Istanbul Gold Refinery”, we hereby resolute our statement made to Reuters previously and in order to prevent any misunderstanding, strongly underline and clarify that Istanbul Gold Refinery Inc. has not involved in any trades whatsoever including any sale and/or supply with Venezuela’s Central Bank, as mistakenly implied by the article.

Istanbul Gold Refinery Inc. undertakes its activity with the highest international compliance standards, in the line with sanctions lists and recommendations of the OECD, LBMA and COMEX with strict compliance.

We have informed international authorities and LBMA about this allegations and we are in touch with all stakeholders to clarify the issue.