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Singapore Police Investigate Iron Ore Trader Radiant World

Bloomberg Markets •
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Singapore’s police force has begun looking into Radiant World after receiving reports on the iron ore trader, a spokesperson said on Thursday. The authorities confirmed that the inquiry is in its early stages and that they are assessing the information provided.

Radiant World operates as an iron ore trader based in Singapore. The spokesperson noted that no charges have been filed against the company at this time, and the investigation remains preliminary.

The police are reviewing the reports to determine whether any regulatory or criminal violations may have occurred. They have not disclosed the specific nature of the allegations or the sources of the reports.

Authorities have stated that they will provide further updates as the investigation progresses. For now, the focus is on gathering facts and ensuring compliance with relevant laws.

The spokesperson declined to give further personal details, stating that the matter is being handled by the Commercial Affairs Department.