Radiant World misses salary payments for employees in September

A number of banks have cut Radiant World off since Bloomberg first reported in July on creditors’ concerns that the iron ore trader had been raising money using falsified documents.

Published Oct 05, 2026, 05:26 PM

Updated Oct 05, 2026, 05:26 PM

Radiant World employees in Singapore, China and Europe have not received their September salaries amid legal and financial troubles involving the company.

The company faces accusations of using falsified documents, leading to banks cutting ties and legal actions, including Mizuho Bank seeking management removal.

KPMG was appointed as interim judicial manager to oversee operations and conduct employee interviews, while Radiant World denies any wrongdoing.

SINGAPORE – Some employees of Radiant World say they have not received their September salaries, an apparent delay that offers a glimpse of disruptions inside the iron ore trader as its operations are transferred to the care of court-appointed managers.

The people, working in Singapore, China and Europe, said they had not been paid their wages on the usual schedule around the fourth week of the month, and that they were not aware of any colleagues having received anything as of Oct 5 .

Several said there had been hold-ups in the past, with their monthly salaries ultimately paid as late as a few days into the new month. But they reported widespread concern among staff over the past week, given the multiple legal actions launched against the company.

A number of banks have cut Radiant World off since Bloomberg first reported in July on creditors’ concerns that the trader had been raising money using falsified documents. Some of the employees – all of whom asked not to be named as the issue is private – said that in recent months their salaries had been paid from a company account in Dubai.

It was not immediately clear what the cause of the delay was, or if the salaries would ultimately be paid. A spokesman for Radiant World did not immediately respond to a request for comment.

A spokesperson for KPMG, appointed as interim judicial manager in September , also did not respond to Bloomberg queries.

Multiple lenders have accused Radiant World of providing falsified documents. Mizuho Bank, a creditor, began legal proceedings in August to remove the management of the merchant’s key operating company in Singapore, according to a court document seen by Bloomberg.

That was granted in September , when a Singapore court appointed KPMG to take charge. Restructuring executives from the firm have begun contacting current and former employees this week to arrange interviews, according to the people.

Mizuho said in a court filing that it had strong reasons to believe it was the victim of fraud perpetrated by Radiant World. The Singapore judge overseeing the case said in her ruling last week that the trader was, or was likely to become, unable to pay its debts.

Radiant World has denied wrongdoing. BLOOMBERG

自彭博社7月份首次报道债权人担心铁矿石贸易商Radiant World使用伪造文件筹集资金以来，多家银行已停止向其提供贷款。

发布于 2026 年 10 月 5 日下午 5:26

更新于2026年10月5日下午5:26

由于公司面临法律和财务困境，Radiant World在新加坡、中国和欧洲的员工尚未收到9月份的工资。

该公司面临使用伪造文件的指控，导致多家银行断绝关系并提起法律诉讼，其中包括瑞穗银行寻求撤换管理层。

KPMG 被任命为临时司法管理人，负责监督运营和进行员工访谈，而 Radiant World 否认有任何不当行为。

新加坡——Radiant World 的一些员工表示，他们还没有收到 9 月份的工资。这一明显的延迟反映了这家铁矿石贸易商内部的混乱，因为该公司的运营已被移交给法院指定的管理人。

这些在新加坡、中国和欧洲工作的人表示，他们没有像往常一样在每月第四周左右收到工资，而且截至 10 月 5 日，他们也不知道有任何同事收到了工资。

几位员工表示，过去也曾出现过工资拖欠的情况，他们的月薪最终往往要到新月份开始几天后才会发放。但他们也表示，鉴于公司面临多起法律诉讼，过去一周员工普遍感到担忧。

自彭博社7月首次报道债权人担忧Radiant World使用伪造文件筹集资金以来，多家银行已停止向该公司提供贷款。一些员工（由于此事涉及隐私，所有员工均要求匿名）表示，近几个月来，他们的工资都是从公司在迪拜的账户中支付的。

目前尚不清楚延迟的原因，也不清楚最终是否会支付工资。Radiant World 的发言人尚未对此事作出回应。

9 月份被任命为临时司法管理人的毕马威会计师事务所发言人也没有回应彭博社的询问。

多家贷款机构指控Radiant World提供虚假文件。据彭博社看到的一份法庭文件显示，债权人瑞穗银行已于8月提起诉讼，要求撤换Radiant World在新加坡的主要运营公司的管理层。

这项重组计划于9月获得批准，当时新加坡法院指定毕马威会计师事务所接管该公司。据知情人士透露，该公司重组部门的高管已于本周开始联系现任和前任员工安排面试。

瑞穗银行在提交给法院的文件中表示，它有充分理由相信自己是Radiant World实施欺诈的受害者。负责此案的新加坡法官在上周的裁决中表示，这家交易商已经或很可能无力偿还债务。

Radiant World否认有任何不当行为。彭博社