Jefferies Financial Group Inc. (JEF) Stock: Rises as Fund Seeks Freeze Against Radiant World in Singapore
TLDRJefferies stock gains as fund seeks Singapore freeze against Radiant World.LAM Trade Finance Group II expands legal action against Radiant World in Singapore.Singapore court will hear the freezing injunction request against Radiant World.Radiant World faces growing legal pressure across Singapore and the United Kingdom.Jefferies-linked fund escalates recovery efforts over disputed trade financing. Jefferies Financial Group (JEF) stock rose Monday as a linked fund intensified legal action against iron ore trader Radiant World. JEF closed at $55.23, up 1.79%, then gained 0.20% after hours to $55.34. The move came before a Singapore hearing on the funds freezing injunction request. Jefferies Financial Group Inc., JEF Jefferies Stock Gains as Fund Escalates Singapore Case LAM Trade Finance Group II applied for the injunction against Radiant World and founder Pinkesh Nahar. Singapore‘s High Court will hear the application on September 9, according to the judiciary’s hearing list. The filing follows a worldwide freezing order secured from a United Kingdom court. Discover more Finance Engineering & Technology Brokerages & Day Trading The Singapore case names Radiant World‘s Hong Kong parent and main Singapore operating entity. It also names Sapphire Minmetals Corporation and chairman Rakesh Sethi as defendants. Jefferies holds a minority interest in the fund, while Point Bonita manages it within the bank’s asset









