July 31 (Reuters) - Vitol Group and Cargill have stopped

trading with Radiant World, one of the world's largest iron ore

traders, Bloomberg News reported on Friday, adding that Glencore ( GLCNF )

is no longer doing new business with the company.

Two of the trading houses saw invoices or other documents

that Radiant World had provided to its banks that were not

valid, Bloomberg reported, citing people familiar with the

matter. The third trading house pulled out after being informed

about concerns over falsified documents, the report said.

Radiant World told Reuters in a statement that "the claims

are inaccurate and unsubstantiated" and it continued to operate

normally.

"Radiant World conducts its business to the highest

commercial and legal standards and complies with all due

diligence requirements with its lending partners," it said.

Radiant World said its policy prevented it from commenting

on "purported discussions involving specific customers,

suppliers, lenders".

"We continue to execute physical commodity transactions

across our global platform, maintain longstanding relationships

with our commercial and financing partners, and remain focused

on serving our customers," it said.

The Bloomberg report said at least two creditors, Italy's

biggest bank, Intesa Sanpaolo and Jefferies Financial

Group's Point Bonita fund, are reviewing their exposure

to Radiant World.

Jefferies and Vitol declined to comment. Cargill did not

immediately respond to a request for comment.

Glencore ( GLCNF ) is monitoring the situation very carefully and is

not entering into any new business with Radiant World, a source

familiar with the matter told Reuters.

An Intesa spokesperson told Reuters that it had booked

provisions on an exposure worth €200 million ($230 million) to

Radiant World. The position with Radiant World is now largely

covered, the spokesperson said, adding there is no impact on the

bank's 2026 net profit, for which Intesa provided new guidance

on Wednesday.

Jefferies has trade-finance-related exposure of about $300

million to Radiant World through its Point Bonita fund, a source

familiar with the matter told Reuters on condition of anonymity.

Jefferies is investigating the matter, is taking no

provisions and expects to get paid, the source said. If there

are losses it is manageable for the firm, the source said.

($1 = 0.8707 euros)