12 articles
A suspended Glencore executive allegedly urged Radiant World to avoid email communications amidst a $2 billion fraud lawsuit involving iron ore and coal trading. Glencore has severed ties and accused
Glencore suspended Peter Hill, head of steelmaking raw materials, amid a review of its relationship with iron ore trader Radiant World. The move follows a $2 billion lawsuit from Radiant World and all
A Jefferies-linked fund alleges iron ore trader Radiant World holds only $10,000 in cash despite reporting over $200 million, triggering freezing orders and fraud investigations involving major trader
Radiant World and ten other companies sued London-listed miner Glencore in Singapore over a decade-long commercial relationship, seeking damages exceeding $2 billion. Radiant World denies wrongdoing,
FT reports Zurich and Allianz insured transactions for iron ore trader Radiant World amid invoice validity concerns. Zurich denied material exposure despite covering double-digit millions against non-
LAM Trade Finance Group II, backed by Jefferies, filed a lawsuit against iron ore trader Radiant World in London over alleged invalid invoices. Other creditors including Mizuho Bank and Incomlend have
Singapore police raided the office of iron ore trader Radiant World over alleged falsified documents, causing major commodity traders to sever ties. US regulators are also probing the firm's transacti
Commodities broker Marex Group froze all accounts of iron ore trader Radiant World following allegations of using invalid invoices to raise funds. The freeze impacts Radiant's trading lines for base m
US regulators probe iron ore trader Radiant World over alleged falsified documents, causing creditors to review exposures. The firm denies wrongdoing as major counterparties including Vitol and Cargil
Glencore faces over $500 million exposure to iron ore trader Radiant World after trading halted due to document issues. Industry sources warn of potential ripple effects across commodity and financial
Deutsche Bank and KBC have frozen certain Singapore accounts of iron ore trader Radiant World, while miners Rio Tinto and Vale SA removed them from approved customer lists. Bloomberg reported the fina
Radiant World, a leading iron ore trader, faces scrutiny from creditors over alleged discrepancies in trade documents used for financing. Several banks and traders have cut ties despite the company de
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