Grosvenor Casinos to sue Abu Dhabi bank

Grosvenor Casinos, one of London’s most prestigious casinos, is set to sue the National Bank of Abu Dhabi (NBAD) in an attempt to recover £7.36 million it feels it is owed from a high-roller.

Ahmed Al-Reyaysa, who was a regular at Grosvenor’s Clermont Club between 1999 and 2000, gave cheques worth £3.07 million and £3.61 million to the casino – but both bounced.

The casino won a court judgement in May 2001 ordering Reyaysa to cough up but the casino is yet to see a penny of the money.

Now the casino is trying to hit Al-Reyaysa at the source and trying to get his bank to release what they believe is rightfully theirs.

NBAD denies any accountability, and should the bank win the case, then Grosvenor claim “the integrity of the system of international finance is undermined as a bank will have to wait for funds to clear before any goods can be released".

Grosvenor is seeking around £9 million, including interest and gaming tax.

Editor, - 2008-02-11 10:58:09

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