Vitol, Cargill Cut Ties With Radiant World Amid Fake Invoice Concerns

Vitol Group and Cargill Inc. have stopped trading with Radiant World, a private firm that’s rapidly risen to become one of the world’s largest iron ore traders, while Glencore Plc...

By Alfred Cang, Jack Farchy, Archie Hunter, Mark Burton, Katharine Gemmell and Katherine Doherty · Bloomberg Markets

Vitol Group and Cargill Inc. have stopped trading with Radiant World, a private firm that’s rapidly risen to become one of the world’s largest iron ore traders, while Glencore Plc is no longer doing new business with the company, according to people familiar with the matter.