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.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.