Jefferies Fund Seeks Singapore Injunction
A fund linked to Jefferies has applied for a freezing injunction against iron ore trader Radiant World in Singapore. The filing adds to growing legal challenges over questioned invoices. Radiant World has consistently denied any wrongdoing.
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LAM Trade Finance Group II, backed by United States bank JEFFERIES FINANCIAL GROUP IN, applied on Monday morning for a freezing injunction in Singapore against iron ore trader Radiant World. The legal filing in the Singapore Supreme Court compounds mounting pressure on the commodity trader over disputed trade invoices. The case intensifies a global legal battle following a similar asset freeze secured in the United Kingdom last week.
