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US Fund Accuses Trader Radiant World of Fraud in Swiss Complaint
Source: Bloomberg
Legal & LitigationCommodities & Raw MaterialsCompany Fundamentals
A US fund filed a criminal complaint in Switzerland alleging fraud and money laundering by iron ore trader Radiant World and affiliated companies. The action opens another jurisdiction in Radiant World's escalating legal and financial crisis, creating material reputational, operational and financing risks for the company.
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