Malaysian businessman who lost nearly Rs 40 crore sues club for not 'stopping him': Report

The industrialist lost £3.9 million (Rs 39,21,04,060) in a 72-hour card game at private members’ club Aspinalls.

FPJ Web DeskUpdated:Saturday, January 29, 2022, 10:43 AM IST
article-image
Photo Credit: Pexels

A Malaysian businessman is suing a Mayfair casino in London for not stopping him when he was on a losing streak. The industrialist lost £3.9 million (Rs 39,21,04,060) in a 72-hour card game at private members’ club Aspinalls, Hindustan Times reported.

Malaysian businessman Han Joeh Lim alleged that the club breached its responsibilities under the 2005 Gambling Act, the Daily Mail reported.

Lim has a wealth of £40 million and his business area includes property, steel and computer chip manufacturing. He also own properties in London.

The 62-year-old joined the club in 2014, reported Daily Mail and was permitted to cash cheques worth £600,000.

He said that after losing the sanctioned amount, the club raised his credit to £1.9 million and gave an additional £2 million in credit, which was also lost by the tycoon.

The incident took place in 2015, when Lim played card game baccarat.

The club had initially registered a case against him for not paying the amount which he had lost. Aspinalls won the case in 2019, with the judge also imposing a penalty of £100,000 on Lim for violating four court orders.

Now, the businessman is claiming £3.9 million using a provision in the 2005 act, which he states that “vulnerable people should be protected from being harmed or exploited by gambling”.

“Aspinalls took advantage of the claimant's distressed attempts to claw back the losses by allowing further funds and more time to gamble,” he said in the petition.

The club has declined to comment on the issue as it is pending before the court, but its counsels told Daily Mail that the firm is seeking that the claim be “struck out”.

The club was started by John Aspinall, a zoo owner who moved to gambling in the 1960s. The Aspinall private club began in 1962.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Cabinet approves sale of govt stake in Hindustan Zinc: Report

Cabinet approves sale of govt stake in  Hindustan Zinc: Report

Will not beg for anything, retire from politics if proven my role in terror activity: Yasin Malik on...

Will not beg for anything, retire from politics if proven my role in terror activity: Yasin Malik on...

Rajasthan: Gehlot govt facing challenges over candidate selection for Rajya Sabha polls

Rajasthan: Gehlot govt facing challenges over candidate selection for Rajya Sabha polls

'I'm about to...' Chilling message from Texas school shooter Salvador Ramos sent to LA girl

'I'm about to...' Chilling message from Texas school shooter Salvador Ramos sent to LA girl

Free Press Bulletin: Top 5 news updates of May 25, 2022; watch video

Free Press Bulletin: Top 5 news updates of May 25, 2022; watch video