ShippingWatch

Former Oaktree execs also take owner family behind cash buyer to court

A series of former Oaktree executives, who are now behind fund Njord Partners, have also filed a fraud case against the owner family behind a major cash buyer in Dubai in a case concerning 13 end-of-life vessels.

Photo: Amit Dave/Reuters/Ritzau Scanpix

The family that owns one of the world's top cash buyers, Dubai Trading Agency, is met with fraud accusations on several fronts.

Last week ShippingWatch reported that US-based investor Yieldstreet is accusing the Lakhani family of fraud totaling USD 89 million in a case concerning 13 end-of-life vessels that have been sold as scrap to beaching facilities in South Asia.

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