US Fund Accuses Trader Radiant World of Fraud in Swiss Complaint

A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new...

By Katharine Gemmell and Chris Dolmetsch · Bloomberg Markets

A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new jurisdiction to the iron ore trader’s escalating legal and financial crisis.