According to people familiar with the matter, Jefferies Financial Group Inc.'s subsidiary has obtained a global asset freeze against Radiant World and its founder Pinkesh Nahar. The freeze order issued by the British High Court is the biggest move by Radiant World creditors to date. Radiant World is one of the world's largest iron ore traders and is now facing increasing legal disputes. Earlier, Bloomberg News reported that several top commodity companies had begun to cut ties with the company due to concerns that Radiant World would provide counterfeit documents to banks in order to obtain financing. Court records show that LAM Trade Finance Group II LLC, a fund managed by Jefferies' company, took legal action against Radiant World in London last week, including applying for an injunction.

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