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Abu Dahbi Bank Rejects Casino Claims

16 May 2005

ABU DHABI – As reported by the Gulf News: "National Bank of Abu Dhabi has rejected allegations against it by a casino in London, vowing it will fight the case in a British 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.

"'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…"

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