Radiant World sent Mizuho Bank fake Glencore e-mail, says court filing in Singapore
The bank is one of several lenders to have launched legal proceedings against the commodities trader.
In a legal filing obtained by Bloomberg News, Mizuho Bank alleges that Singapore-based Radiant World fraudulently created e-mail correspondence, claiming Glencore planned to repay nearly US$100 million (S$127.6 million). The e-mail exchange was outlined by Mizuho as part of a lawsuit in Singapore, where Radiant World is accused of a fraud related to iron-ore receivables allegedly owed by Glencore.
The bank is one of several lenders to launch legal proceedings against Radiant World since July, when concerns emerged that the trader was raising funds using falsified documents.
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