[Singapore court rules that the founder of Radiant World lost control of the company] September 24 (Xinhua) A Singapore court on Thursday appointed KPMG's restructuring business executive to take over Radiant World and approved the application filed by creditor Mizuho Bank. Mizuho accused the trader of fraud in the financing of iron ore receivables. This decision means that Radiant World founder Pinkesh Nahar loses control of the group's core operating entities. People familiar with the court's decision said KPMG's Toh Ai Ling, Adrian Chan and Tan Yen Chiaw will serve as interim judicial managers of Radiant World Corporation Pte. The company is Radiant World's core operating entity in Singapore. The court conveyed the decision on Thursday.