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Jefferies Says It Found Fraud in $900 Million of Radiant Deals
Source: Bloomberg
Legal & LitigationCredit & Bond Markets
A Jefferies-run fund told a court it has evidence of alleged fraudulent conduct by iron ore traders Radiant World and Sapphire Minmetals in receivables-financing deals with a face value of almost $900 million. The allegations have not been established in the reported account.
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