Jefferies-Linked Fund Seeks Singapore Injunction Against Radiant World
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LAM Trade Finance Group II applied for a freezing injunction against iron ore trader Radiant World and founder Pinkesh Nahar in Singapore on Sept 7, court records show.
The filing in the Supreme Court escalates legal pressure on the trading house. Commercial banks have frozen accounts, and trading partners cut ties over questioned invoices.
Court Filings and Named Entities
Court documents name Radiant World entities alongside Nahar, as well as iron ore trading firm Sapphire Minmetals and its chairman Rakesh Sethi. LAM Trade Finance Group II filed the application ahead of a Sept 9 hearing. US investment bank Jefferies holds a minority stake in the fund.
British judges granted the fund a separate freezing order against Radiant World a week earlier. Radiant World denies all allegations of wrongdoing. Representatives for the named firms and executives did not respond to requests for comment.
Trade Finance Exposure and Market Fallout
Legal actions across London and Singapore show how fast credit lines vanish when financiers question collateral documents. A freezing order in Singapore stops an operator from moving capital through Southeast Asia’s primary financing hub. Commodity desks across the region are tracking the case.
Lenders are moving to ring-fence recovery positions rather than waiting for formal restructuring. Trade finance specialist Incomlend is pursuing separate litigation against Radiant World and Nahar in Singapore. Meanwhile, Japan’s Mizuho Bank took legal steps to oust the management of Radiant World’s local operating entity.
Police Raids and Cross-Company Ties
Troubles for the trader widened in August 2026, when the Singapore Police Force opened an investigation into Radiant World following official reports on its operations. Glencore chief executive Gary Nagle said that month that the mining giant treated Radiant World and Sapphire Minmetals as parts of a single group. Sethi disputes that claim.
Singapore’s Supreme Court will hear the freezing injunction application from LAM Trade Finance Group II on Sept 9.
Questions & Answers
Q.Who filed the application for the freezing injunction against Radiant World in Singapore?
Who filed the application for the freezing injunction against Radiant World in Singapore?
LAM Trade Finance Group II applied for a freezing injunction against iron ore trader Radiant World and its founder Pinkesh Nahar in Singapore.
Q.What is the US investment bank Jefferies' involvement with LAM Trade Finance Group II?
What is the US investment bank Jefferies' involvement with LAM Trade Finance Group II?
US investment bank Jefferies holds a minority stake in LAM Trade Finance Group II, the fund pursuing the injunction.
Q.Has there been any other legal action taken against Radiant World in the UK?
Has there been any other legal action taken against Radiant World in the UK?
British judges granted LAM Trade Finance Group II a separate freezing order against Radiant World a week before the Singapore application.
Q.What actions have other financial institutions taken regarding Radiant World?
What actions have other financial institutions taken regarding Radiant World?
Commercial banks have frozen accounts, Incomlend is pursuing separate litigation, and Mizuho Bank has taken steps to oust management of a local entity.
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