Business · Companies · 2 days ago
Jefferies-Run Fund Alleges Fraud in Nearly $900 Million of Radiant Deals
A fund run by Jefferies said in court proceedings that it has evidence of alleged fraud.
The allegations concern iron ore traders Radiant World and Sapphire Minmetals.
They relate to receivables-financing deals involving the traders.
The deals had a face value of almost $900 million.
The figure describes the value of the deals, not a stated amount of proven losses.
The claims remain allegations in the information available, and no next step in the proceedings was given.
A Jefferies-run fund said in court proceedings that it has evidence of alleged fraud in receivables-financing deals.
The deals involved iron ore traders Radiant World and Sapphire Minmetals.
The deals had a face value of almost $900 million.
Bloomberg reported the claim on October 10, 2026.
- Who
- A Jefferies-run fund alleges fraud involving Radiant World and Sapphire Minmetals.
- What
- The fund said it has evidence of alleged fraudulent conduct in receivables-financing deals.
- When
- The claim was reported on October 10, 2026.
- Where
- The fund made the claim in court proceedings. The location is not stated.
- Why
- Not stated
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Fund
- Jefferies-run
- Companies
- Radiant World and Sapphire Minmetals
- Deal type
- Receivables financing
- Face value
- Almost $900 million
- Reported
- October 10, 2026
What people are saying
it has evidence of alleged fraudulent conduct by iron ore traders Radiant World and Sapphire Minmetals in receivables-financing deals with a face value of almost $900 million
Sources
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