Story perspectives

Vitol, Cargill Halt Radiant World Trade Over Dubious Docs

7/31/2026

Summary

Story summary

Vitol Group and Cargill stopped trading with Radiant World after concerns that invoices and other trade documents provided to banks were not valid, and Glencore paused new deals.
Radiant World called the claims inaccurate and unsubstantiated and said it complies with all commercial and legal due-diligence standards.
Intesa Sanpaolo booked €200 million provisions for its exposure to Radiant World, noting the position is largely covered and will not affect its 2026 net profit.

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Story summary

Vitol Group and Cargill stopped trading with Radiant World after concerns that invoices and other trade documents provided to banks were not valid, and Glencore paused new deals.
Radiant World called the claims inaccurate and unsubstantiated and said it complies with all commercial and legal due-diligence standards.
Intesa Sanpaolo booked €200 million provisions for its exposure to Radiant World, noting the position is largely covered and will not affect its 2026 net profit.