Aneka Tambang, an Indonesian state miner, is under investigation by the London Bullion Market Association (LBMA) over allegations of misuse of Antam’s stamping service.

Six former general managers of Antam’s Precious Metal Processing and Refining Business Unit have been listed by Indonesia’s Attorney General Office.

The investigation aims to uncover the alleged illicit operation that led to the manufacture of 109 tons of gold between 2010 and 2021.

Aneka Tambang has refuted reports of fake Antam gold circulation.