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

Market News
05 Sep 2026
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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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Alcoa set to report Q3 2026 earnings amid mixed forecasts and a major $8B acquisition proposal

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Alcoa will release its Q3 2026 earnings on October 15, with analysts divided on earnings per share and revenue forecasts due to factors like rising aluminum sales, inventory changes, and higher input costs. The company expects a 54.9% jump in aluminu...

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Nokia senior manager Pallavi Mahajan receives 35,192 shares as part of a share-based incentive.

Nokia senior manager Pallavi Mahajan receives 35,192 shares as part of a share-based incentive.

Pallavi Mahajan, a senior manager at Nokia Corporation, received 35,192 shares through a share-based incentive on October 15, 2026. This transaction was reported under EU Market Abuse Regulation, reflecting Nokia's ongoing use of equity incentives to...

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Nokia transfers 2.14 million shares to employees under stock incentive programs.

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Nokia senior manager receives 35,110 shares via share-based incentive on Oct 15, 2026

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David Heard, a senior manager at Nokia Corporation, received 35,110 shares as part of a share-based incentive on October 15, 2026. This transaction was conducted outside a trading venue and is part of Nokia's ongoing executive compensation program. S...

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Nokia executive David Heard receives 35,110 shares as stock compensation on Oct 15, 2026.

Nokia executive David Heard receives 35,110 shares as stock compensation on Oct 15, 2026.

On October 15, 2026, Nokia Corporation announced that David A. Heard, a senior executive, received 35,110 shares as part of his stock compensation. This transaction was reported under EU Market Abuse Regulation Article 19, indicating transparency in ...

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