Billionaire refuses to pay gambling debts
03 July 2015
A billionaire that gambled £ 2 million in London’s Ritz casino refuses to pay his debts. He claims that it was the fault of the devil. The business mogul Safa Abdulla Al Geabury shocked the High Court, as he told how he has insisted that he was forced by the devil to play. The 52-year-old visited the Mayfair Ritz Casino on February 19th last year. He insists that he fought an “uncontrollable” urge to place bets, claiming that the casino offered him a loan of £ 5 million at this stage. The legal representative of the London Ritz Casino, Clive Freedman QC, asked Al Gearbury before the High Court how wealthy he is. The defendant confirmed that only his collection of Islamic art alone has a value of more than $ 1 billion. Al Geabury who speaks English but made his testimony through an Arabic interpreter said that his wealth is relative and that he was not in possession of palaces and yachts. The lawyer also commented on how Al Geabury, had boasted with pictures about his diamond collection on the cellphone.
According to the Mirror the “The Ritz Hotel Casino Ltd” sued Al Geabury because of the £ 2 million that he had lost and more than 200,000 pounds for the alleged interest debt. Al Geabury said that he had especially mentioned at a meeting with a representative of the casino in a box of Ritz during an Arsenal game at the Emirates Stadium that he was a problem gambler. The billionaire claims that he was still offered a £ 5 million loan and he told the court that he was repeatedly asked to go to the Ritz Club, because his style of play is very attractive. Al Geabury claimed that he was an uncontrollable gambler. He claimed that the casino had exactly been informed about his addiction and had therefore violated the gaming license. The situation is displayed differently by “The Ritz Club” that claims the billionaire was angry because a roulette croupier didn’t take any more bets. He also signed a form, that indicates that he has no gambling problems. He argues that the document was prepared by the Club and he signed without having read it. After suffering the £ 2 million loss, Al Geabury wrote in capital letters on a form “I’m an addict.” Al Geabury claims he had “conversation after conversation” with casino employees, “and talked about his addiction that he could not control, and how to stop it. The defendant claims that the casino has to responsible for “undue influence and unconscionable transaction”.