Fund seeks Singapore injunction against Radiant World基金寻求新加坡法院对Radiant World发出禁令
SINGAPORE — LAM Trade Finance Group II, in which US bank Jefferies has a minority stake, applied on Monday (Sept 7) for a freezing injunction against Radiant World and its founder in Singapore, the city-state's Supreme Court website showed.The filing adds to mounting challenges facing the iron ore trader, as some banks have frozen its accounts and trading houses severed...
SINGAPORE — LAM Trade Finance Group II, in which US bank Jefferies has a minority stake, applied on Monday (Sept 7) for a freezing injunction against Radiant World and its founder in Singapore, the city-state's Supreme Court website showed.
The filing adds to mounting challenges facing the iron ore trader, as some banks have frozen its accounts and trading houses severed ties on concerns that invoices provided to its banks may not have been valid. Radiant World has denied wrongdoing.
Last week, Reuters reported that the Jefferies-linked fund had secured a freezing order over the trader from a UK court.
A hearing in the Singapore case will take place in the city-state's Supreme Court on Wednesday. No further details on what is being sought in the filing were immediately available.
Along with entities of Radiant World and founder Pinkesh Nahar, the Singapore case names iron ore trader Sapphire Minmetals and that firm's Chairman Rakesh Sethi, the filing showed.
Radiant World, Sapphire Minmetals, Nahar and Sethi did not immediately respond to requests for comment.
The CEO of commodity giant Glencore, Gary Nagle, said last month the company considered Radiant World and Sapphire Minmetals to be part of the same group, although Sethi has denied this is the case.
Trade-finance firm Incomlend is also suing Radiant World and Nahar in Singapore, while Mizuho Bank has taken legal measures to remove management of Radiant World's Singapore unit, Bloomberg News reported.
The Singapore police force said last month it was investigating Radiant World after receiving reports on the company, without giving further details.
新加坡——据新加坡最高法院网站显示，美国银行杰富瑞持有少数股权的 LAM Trade Finance Group II 于周一（9 月 7 日）向新加坡的 Radiant World 及其创始人申请冻结令。
由于一些银行冻结了其账户，一些贸易公司也因担心其向银行提供的发票可能无效而终止了与该公司的合作关系，此次诉讼进一步加剧了这家铁矿石贸易商面临的困境。Radiant World否认存在任何不当行为。
上周，路透社报道称，与杰富瑞集团有关联的基金已从英国法院获得对该交易员的冻结令。
新加坡最高法院将于周三就此案举行听证会。目前尚无关于诉讼请求的具体细节。
文件显示，除了 Radiant World 及其创始人 Pinkesh Nahar 之外，新加坡的这起案件还牵涉到铁矿石贸易商 Sapphire Minmetals 及其董事长 Rakesh Sethi。
Radiant World、Sapphire Minmetals、Nahar 和 Sethi 尚未立即回应置评请求。
大宗商品巨头嘉能可的首席执行官加里·纳格尔上个月表示，该公司认为 Radiant World 和 Sapphire Minmetals 属于同一集团，尽管塞蒂否认了这一说法。
据彭博新闻报道，贸易融资公司 Incomlend 也在新加坡起诉 Radiant World 和 Nahar，而瑞穗银行已采取法律措施撤换 Radiant World 新加坡分公司的管理层。
新加坡警方上个月表示，在收到有关 Radiant World 公司的举报后，正在对该公司进行调查，但没有透露更多细节。