
The owner family behind one of the world's largest cash buyers of end-of-life commercial vessels, Dubai-based Dubai Trading Agency, is accused of fraud totaling more than USD 89 million.
The accusations are made by US-based investor Yieldstreet, which has lent the Lakhani family USD 89.2 million to acquire 13 end-of-life vessels for the purpose of selling them as scrap at the beaching facilities in South Asia.
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