# Radiant World Corporation fraud allegations and collapse > Live situation record from CLSTR: https://clstr.news/situations/radiant-world-corporation-fraud-allegations-and-collapse > Updated: 2026-08-28T00:39:35.000Z. Sources: 4. Developments: 2. Radiant World Corporation, a Singapore-based iron ore trader founded by Pinkesh Nahar, is facing a potential collapse following allegations that the company provided falsified documents and invalid invoices to secure financing. Major industry players, including Vitol Group, Cargill, and Glencore, ceased business with the firm in late July 2026. Mining companies Rio Tinto and Vale also removed Radiant from their approved customer lists. Financial institutions have responded by freezing accounts or suspending credit lines, with Deutsche Bank and KBC taking action, and Intesa Sanpaolo provisioning approximately €200 million for its exposure. In late August 2026, Mizuho Bank filed a lawsuit against Radiant World in the Supreme Court of Singapore, marking the first public legal action by a lender related to corporate insolvency. While Radiant World has denied wrongdoing, claiming its operations adhere to high commercial standards, the Singapore Police have confirmed that investigations into the allegations of document falsification are ongoing. ## Timeline ### 2026-08-28: Radiant World faces collapse amid invoice fraud allegations Singapore-based Radiant World Corporation faces collapse and police investigation following allegations of invalid invoicing, leading major commodity traders and banks to sever ties. 2 sources. https://clstr.news/cluster/radiant-world-faces-collapse-amid-invoice-fraud-allegations ### 2026-08-27: Mizuho Bank files lawsuit against Radiant World in Singapore Mizuho Bank has initiated legal action against iron ore trader Radiant World Corporation in Singapore's Supreme Court amid allegations of falsified documents used to secure financing. 2 sources. https://clstr.news/cluster/mizuho-bank-files-lawsuit-against-radiant-world-in-singapore --- Cite as: Radiant World Corporation fraud allegations and collapse. CLSTR, https://clstr.news/situations/radiant-world-corporation-fraud-allegations-and-collapse