Jefferies Fund Wins Singapore Asset Freeze Order Against Radiant World

According to Sina Finance, a fund managed by Jefferies Financial Group Inc. has obtained an asset freeze order in Singapore against Radiant World and its founder, Pinkesh Nahar. The ruling was made on Wednesday at a closed-door hearing in Singapore, after the fund had already secured a global asset freeze order from the High Court in London against the same defendants. Media previously reported that the fund filed a $500 million lawsuit in London, accusing Radiant World of forging iron ore invoices in a "fraud scheme."