{
  "id": 6141104,
  "title": "Jefferies-linked fund seeks Singapore injunction against Radiant World",
  "url": "https://urgent.news/2026/09/07/jefferies-linked-fund-seeks-singapore-injunction-against-radiant-world",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T13:30:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/jefferies-linked-fund-seeks-singapore-injunction-against-radiant-world"
  },
  "original_language": "en",
  "account": "Lam Trade Finance Group II, a US bank Jefferies majority stake, applied for a freezing injunction against Radiant World and its founder Pinkesh Nahar in Singapore on September 7th, according to the Supreme Court website. This move comes amidst mounting challenges for the iron ore trader, with several banks freezing its accounts and trading partners severing ties due to concerns over the validity of invoices provided to their banks. Radiant World has denied any wrongdoing.\n\nRecently, Reuters reported that the Jefferies-linked fund had secured a similar freezing order from a British court. A hearing in the Singapore case is set to take place at the city-state's Supreme Court on September 9th. The filing names Radiant World, Sapphire Minmetals, Nahar and Sethi. No further details on the intentions of the filing were immediately available.\n\nRadiant World, Sapphire Minmetals, Nahar and Sethi have not yet responded to requests for comment. Glencore CEO Gary Nagle stated in August that his company viewed Radiant World and Sapphire Minmetals as part of the same group, though Sethi has denied this claim. Additionally, trade-finance firm Incomlend is suing Radiant World and Nahar in Singapore, while Mizuho Bank has taken legal measures to remove management from Radiant World's Singapore unit. The Singapore police force is also investigating the company after receiving reports, although no further details were provided.",
  "summary": "The filing adds to mounting challenges facing the iron ore trader.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}