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Radiant World Reveals Near-Empty Coffers to Jefferies Fund
Source: Bloomberg
Legal & LitigationCommodities & Raw MaterialsCompany Fundamentals
Radiant World, an iron ore trading group facing fraud allegations, told lawyers for a Jefferies Financial Group fund that it has hardly any cash remaining. The disclosure signals acute liquidity stress and raises the risk of losses for creditors and counterparties exposed to the trader.
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