Jefferies affiliated fund is once again embroiled in "false bill" controversies, with the iron ore trader Radiant World triggering a risk review.

Jeffries Financial Group in the United States is reviewing the risk exposure of its asset management unit's Point Bonita Capital fund in relation to the iron ore trader Radiant World. Previously, commodity giants like Vitol Group and Cargill had halted their transactions with Radiant World due to suspicions that the invoices and other financing documents provided by the company were invalid. This incident has put Point Bonita Capital, which was already in crisis due to the First Brands Group bankruptcy case, under even greater pressure. According to insiders, the Point Bonita fund had held receivables related to Radiant World, but the fund's payment speed has noticeably slowed, with the most recent payment received about three weeks ago. Although the fund's risk exposure has dropped from its peak to less than $300 million, the "fake invoice" scandal has undoubtedly worsened its situation. In response to the allegations, Radiant World has denied them and reiterated that its trade relationships remain healthy and uninterrupted.