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London court freezes $499M assets linked to iron ore trader Radiant amid invoice fraud claims

Market News
05 Sep 2026
Crypto Briefing
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Bearish
London court freezes $499M assets linked to iron ore trader Radiant amid invoice fraud claims

A London High Court has issued a worldwide freezing order on nearly $499 million in assets tied to Radiant World, an iron ore trading company, following allegations of falsified invoices. The order targets Radiant's founder, Pinkesh Nahar, and related entities, highlighting growing concerns in the trade finance sector. Radiant, which trades over 80 million tonnes of iron ore annually and reported $9.6 billion in revenue for 2025, has seen major industry players like Vitol, Cargill, and Glencore halt new business with it. The fund linked to Jefferies, LAM Trade Finance Group II, which has significant exposure to Radiant, is seeking to recover assets amid mounting financial and reputational risks.

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