US judge authorises fund to subpoena New York Fed for documents related to Radiant World
Subpoenas were appropriate because it was not possible for Mariner to obtain records it sought.
In a recent ruling, US District Judge John Cronan authorized an investment fund to subpoena payments records from the Federal Reserve Bank of New York and the Clearing House Interbank Payments System. The fund, Mariner Atlantic Multi-Strategy LLC, is seeking documents related to iron ore trader Radiant World as part of a criminal complaint filed in Switzerland.
Judge Cronan deemed the subpoenas not overly intrusive or burdensome, as they were seeking specific, easily obtainable records within a defined timeframe. He also noted that the subpoenas were necessary because the information could not be obtained through other means, and US courts were willing to assist the Swiss legal process. Radiant World has not yet commented on the matter.
Brief written by urgent.news from Channel News Asia's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
