Singapore police raid iron ore trader Radiant World over fake document claims

Singaporean police raided the local office of iron ore trader Radiant World last week and questioned some of the firm’s employees, according to people familiar with the matter, part of an investigation into the company’s transactions after some counterparties raised concerns about allegedly falsified documents. Several major commodity traders have cut ties with the company amid concerns that it provided invoices or other documents to its banks that were not valid. The Singapore police said…