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Radiant World has disclosed $870 million outstanding to six creditors who financed its receivables, according to a spreadsheet included in a legal filing by the embattled commodity trader
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Radiant World, the iron ore trading group that’s under fire amid allegations of fraud, has revealed to lawyers for a Jefferies Financial Group fund that it has hardly any cash left
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Radiant World and Sapphire Minmetals, two iron ore traders under pressure amid allegations of fraud, have made further reductions in staffing across their offices in Asia and Europe, according to people familiar with the matter.
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RADIANT WORLD PROVIDED FAKE GLENCORE CONTRACTS TO A LENDER, CLAIMS LAWSUIT.
Radiant World’s expansion was enabled by blue-chip firms and banks who lent their money, connections and reputations to the little-known iron ore trader — several of whom are now counting their losses. Read The Big Take:
🎨: 731; Photo: Getty Images
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Radiant World’s expansion was enabled by blue-chip firms and banks who lent their money, connections and reputations to the little-known iron ore trader — several of whom are now counting their losses.
Read The Big Take ⬇️
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Radiant World’s expansion was enabled by blue-chip firms and banks who lent their money, connections and reputations to the little-known iron ore trader — several of whom are now counting their losses.
Read The Big Take ⬇️
Show more
Radiant World’s expansion was enabled by blue-chip firms and banks who lent their money, connections and reputations to the little-known iron ore trader — several of whom are now counting their losses. Read The Big Take ⬇️
Show more
Radiant World’s expansion was enabled by blue-chip firms and banks who lent their money, connections and reputations to the little-known iron ore trader — several of whom are now counting their losses. Read The Big Take:
🎨: 731; Photo: Getty Images
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