Mizuho Financial Group is pursuing a legal case in Singapore involving trading house Radiant World.
Glencore informed Mizuho Bank that Radiant World allegedly generated fraudulent email correspondence. These emails suggested the Swiss commodities trader would pay the Japanese lender nearly $100 million.
Mizuho filed the lawsuit regarding iron-ore receivables that Glencore reportedly owed Radiant World. Several lenders launched legal actions after concerns surfaced in July regarding falsified documents.
Radiant World denies wrongdoing and attributes the accusations to a commercial dispute with Glencore.