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What is Radiant World and why is it in the news?
SINGAPORE: Iron ore trader Radiant World has been at the centre of a widening crisis since banks and counterparties began distancing themselves over concerns it may have used invalid documents to raise financing. Radiant World has denied any wrongdoing. WHAT IS RADIANT WORLD? The company was founded in the early 2000s by Indian national Pinkesh Nahar, a 45-year-old who until recently was little known outside the niche world of iron ore trading. With offices in Singapore, Britain, China, India, Switzerland, the US and the United Arab Emirates, it became one of the world’s biggest iron ore trade...
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