Singapore court freezes Radiant World founder's assets, caps weekly spending at £4,000
The Malaysian Reserve
A Singapore court has granted a freezing injunction against iron ore trader Radiant World and its founder Pinkesh Nahar, limiting his weekly living expenses to £4,000. The order, secured by a Jefferies fund, covers up to US$499.2 million in assets held at several banks in Singapore, following fraud allegations worth over US$500 million.
