KPMG Appointed Interim Manager for Radiant World
A Singapore court appointed KPMG as interim judicial manager for iron ore trader Radiant World. The decision follows creditor Mizuho Bank withdrawing its nomination for Deloitte due to conflict concerns. Radiant World denies any wrongdoing amid ongoing investigations.
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A Singapore court appointed KPMG as interim judicial manager for iron ore trader Radiant World after Japan's Mizuho Bank withdrew its push for rival Deloitte. The court appointment follows mounting creditor scrutiny over the trader's invoice validity. Radiant is currently locked in a $2B legal dispute with GLENCORE PLC.
