Radiant World Collapse: Singapore Police Investigate as Global Commodity Scandal Unravels

Singapore police have formally opened an investigation into Radiant World, the iron ore trader accused of providing banks with falsified documents, as the firm's operations unravel at speed. Deutsche Bank, KBC Group, and commodities broker Marex have frozen the company's Singapore bank accounts, while the US Justice Department and Commodity Futures Trading Commission are conducting parallel probes into transactions involving the firm and its creditors.

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