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UK
Casino Times
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News
16 May 2005
Abu Dhabi Bank Rejects Charges
Made By Casino
The
National Bank of Abu Dhabi has rejected allegations against
it by a casino in London, vowing it will fight the case in a
UK court.
Grosvenor Casinos is
pursuing the National Bank of Abu Dhabi (NBAD) over unpaid
gambling debts of about £10 million (Dh68 million)
accrued by one of the bank's clients.
A claim lodged in the
London High Court says Grosvenor holds the bank responsible
for two cheques that were not honoured. They had been used
by A.R. to pay for gambling chips.
"The bank will vigorously
contest all the allegations. They [Grosvenor] have
no case and we are confident we will win 100 per cent. We
have won the case once in the court," a spokesman of the
bank told Gulf News yesterday.
Responding to a media
report, the bank spokesman said some facts have been left
out in the report.
"It is completely absurd.
The bank will defend its position because the bank does not
owe anything to them."
Grosvenor Casinos served a
claim on Thursday against NBAD relating to two unpaid
cheques presented by the customer A.R. in February
2000.
Grosvenor claims that NBAD
verbally cleared these cheques in February 2000.
Grosvenor pursued A.R. for
several years but to no avail and last year switched its
attention to the bank.
"You cannot hold the bank
responsible just because the cheques were drawn on NBAD. It
is also not true that the bank verbally cleared the cheques.
When there is no balance in the account, how can any bank
honour a cheque? It is all nonsense. The bank will fight it
out. Grosvenor has no leg to stand on, so they are using the
media as a lever," he said.
Related pages:
Grosvenor
Casinos
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