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Glencore Says Radiant World Sent Falsified Invoices to Lenders
Source: Bloomberg
Legal & LitigationCommodities & Raw MaterialsCredit & Bond Markets
Glencore accused iron ore trader Radiant World of sending falsified invoices to multiple financial institutions, escalating a series of fraud allegations. The claims could expose lenders and commodity-trade counterparties to losses and raise credit-risk concerns in iron ore trading.
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