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Radiant World Reveals Near-Empty Coffers to Jefferies Fund (2)

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By Upmanyu Trivedi Verified, Jack Farchy
| Bloomberg Tax Verified
, the iron ore trading group that’s under fire amid allegations of fraud, has revealed to lawyers for a fund that it has hardly any cash left. The Jefferies fund is seeking to continue a of $499 million, from a London court last month. In court filings ahead of a hearing in London on Thursday, lawyers for the Jefferies fund said that Radiant World had disclosed to them “enormously lower” cash and inventories than was shown in their most recent annual accounts.
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Glencore Suspends Executive Who Led Radiant World Business (1) Original

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By Thomas Biesheuvel Verified, Jack Farchy
| Bloomberg Environment Verified
Sept. 17, 2026, 4:50 PM UTC A senior Glencore Plc executive who led the company’s relationship with Radiant World has been suspended as the company reviews its dealings with the embattled iron ore trader, according to a person familiar with the matter.
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Radiant World Reveals Near-Empty Coffers to Jefferies Fund

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By Upmanyu Trivedi Verified, Jack Farchy
| Bloomberg News Verified
Photographer: Timon Schneider/SOPA Images/LightRocket/Getty Images (Bloomberg) -- Radiant World, the iron ore trading group that’s under fire amid allegations of fraud, has revealed to lawyers for a Jefferies Financial Group Inc.
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