Jefferies fund files US$500m fraud claim against Radiant World over fake invoices
A fund managed by Jefferies Financial Group has filed a US$500 million (RM2 billion) lawsuit in London's High Court accusing Radiant World of falsifying iron ore invoices in a fraudulent scheme. The claim, made public on Tuesday, alleges the fraud involved fake invoices, notices of assignment, contracts and email correspondence. A worldwide freezing order has been imposed against Radiant World and its founder.