{
  "id": 9066603,
  "title": "Radiant World table shows six lenders with $1.1 billion exposure",
  "url": "https://urgent.news/2026/09/22/radiant-world-table-shows-six-lenders-with-1-1-billion-exposure",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T02:30:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/radiant-world-table-shows-six-lenders-with-1-1-billion-exposure"
  },
  "original_language": "en",
  "account": "New York – A spreadsheet attached to the legal filing by Radiant World's founder, Pinkesh Nahar, reveals US$870 million in outstanding debt to six key lenders. Jefferies Financial Group and Intesa Sanpaolo hold the largest exposure, with additional debt from Deutsche Bank, Mizuho Financial Group, Mariner Investment Group, and Incomlend. The document is the first public accounting of creditor exposure, showing that traditional commodity trade finance and repo facilities have been fully repaid. However, receivables financing facilities still owe a significant amount. At least two lenders under these facilities have accused Radiant World of providing falsified documents, with Jefferies alleging a \"very large scale fraud.\" Radiant World denies the claims, stating they stem from a commercial dispute with Glencore. The spreadsheet covers only one of Radiant World's main entities, and does not include related companies like Sapphire Minmetals or Quanterra International. Only one of the 19 non-receivables facilities, a KBC Group letter of credit, still has an outstanding US$18 million exposure, which the company claims is being settled.",
  "summary": "The spreadsheet is the first comprehensive accounting made public of lenders’ exposure to Radiant World.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Radiant World table shows six lenders with US$870 million exposure",
        "url": "https://urgent.news/2026/09/22/radiant-world-table-shows-six-lenders-with-us-870-million-exposure",
        "published": "2026-09-22T01:00:05.000Z"
      }
    ]
  },
  "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."
}