Singapore Court Strips Control of Radiant World From Founder
A Singapore court has appointed KPMG to manage the iron ore trader Radiant World following fraud allegations involving Mizuho Bank Ltd.
A Singapore court appointed KPMG restructuring executives to take charge of Radiant World on Thursday, granting an application by creditor Mizuho Bank Ltd., which has accused the trader of alleged fraud linked to iron ore receivables.
READ NEXT
More on the wire
AI TLDR
The Trump administration has removed 760,000 people from Obamacare enrollment. The move comes amid concerns over rising premiums and the proximity of the midterm elections.
AI TLDR
A lawsuit claims a former Canarsie High School worker engaged in sexual abuse of a student in empty classrooms. The plaintiff alleges that school administrators ignored multiple complaints regarding the worker's behavior.
AI TLDR
Rapper Macklemore has announced a series of benefit concerts in Europe titled the 'Free Palestine' Tour. He hinted that additional shows in the United States may be scheduled in the future.