Trader Radiant World misses salary payments for Singapore and other staff in September
Employees in the Republic, China and Europe, say they have not been paid wages on the usual schedule
Radiant World, an iron ore trader, has reportedly missed salary payments for some employees in September, as the company transfers its operations to court-appointed managers. Employees in Singapore, China, and Europe claim they have not received their wages on the usual schedule, around the fourth week of the month. These individuals have been concerned about ongoing legal actions against the company, with several banks cutting off their credit lines following Bloomberg News reports in July on creditor worries over falsified documents.
It remains unclear when or if the missed salaries will be paid, as Radiant World has not provided a comment on the matter. KPMG, appointed as interim judicial manager, also declined to comment.
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