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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Eurotunnel accuses DFDS of unfair competition on English Channel

Getlink, which owns the railroad service Eurotunnel under the English Channel, accuses ferry operators DFDS and P&O ferries of having struck an unfair deal on the Dover-Calais route in terms of competition. DFDS CEO Torben Carlsen rejects the accusation to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs