China–UAE News
Radiant World Misses September Salary Payments for Employees Amid Restructuring
Employees at iron ore trader Radiant World in Singapore, China, and Europe reported that their September salaries were not paid on schedule, according to The Straits Times. Staff indicated that recent salaries had been disbursed from a company account in Dubai, with the delay occurring as court-appointed interim judicial managers KPMG assume oversight of operations. The disruption follows legal actions by multiple lenders alleging the company raised financing using falsified documents, claims the trader has previously denied.
