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To: mmmary who wrote (68975)	3/27/2001 9:42:24 PM
From: StockDung	Respond to of 122087

Adnan Khashoggi in the news Saturday, 6 June, 1998 dispatch.co.za -------------------------------------------------------------------------------- R65m gambling debt settled LONDON -- The casino at London's Ritz Hotel yesterday settled out of court its lawsuit against billionaire arms dealer Adnan Khashoggi for R65 million in gambling debts. A London High Court judge was told the parties had come to terms, which neither side disclosed. Costs of the case are thought to be more than R8m. The judge heard that the 63-year-old Saudi businessman between January and April 1986 gambled a total of R80m. His luck quickly ran out and he had to sign 16 cheques which his bank refused to honour. -- Sapa-AFP

To: mmmary who wrote (68975)	3/27/2001 9:46:24 PM
From: StockDung	Respond to of 122087

Khashoggi, the gambler News agencies and papers reported Adnan Khashoggi’s out-of-court settlement. The Independent (6/6/98) said, “Adnan Khashoggi is addicted to gambling and it will ruin him financially, his first wife Soraya said yesterday. Speaking after the former international arms dealer settled his case against the Ritz Casino, which sued him for £3.2m- worth of cheques which bounced, Mrs Khashoggi said her ex-husband was still a gambler. ‘He is addicted to gambling and he can't stop going to casinos. He is in denial but he needs help. I don't think he realises he is an addict’, she said. AK, as he likes to be known, was once reputed to be the richest man in the world with a fortune worth £2.4bn. An international Mr Fixit with lucrative connections, most of his money was made from commissions paid on sales of aircraft and arms to the Middle East, especially Saudi Arabia, by Western companies. With wealth came all the trapping of success - homes in Europe, the Middle East, the United States and East Africa; a private DC9 jet and a yacht named after his daughter Nabila. In 1961 he married Soraya, who said yesterday that he loved to gamble even then. ‘He called me his lucky rabbit and liked me to go with him’, she said. Mrs Khashoggi said she never gambled but she made a deal with her husband, the uncle of the late Dodi Fayed, that he would always give part of his winnings to charity. ‘If he won he would push those chips over to me to go to a Lebanese orphanage and I would cash them so he couldn't have them back. We made that deal to keep me quiet because I hate gambling’. Mr Khashoggi was being sued for the money - plus interest thought to be around £5m - but on the fourth day of the hearing, Mr Justice Rougier heard that the parties had agreed a settlement. The details were not disclosed but costs of the case are thought to be up to £1m. Neither side would make any comment. The court heard that Mr Khashoggi visited the Ritz Casino on 13 occasions between the end of the January and the beginning of April 1986. But 16 of his cheques were refused on presentation because of ‘insufficient funds’. Mr Khashoggi claimed the debt was legally unenforceable because he had an arrangement with the casino's management which allowed him to continue gambling on credit, contrary to a section of the 1968 Gaming Act. Mr Khashoggi, the son of a personal physician to the Saudi king Abdul-Aziz, has always attracted controversy. But Mrs Khashoggi, who is still very close to her ex- husband, said he would probably laugh off this latest scandal.” google.com