Ladbroke sues for #9.5m loan

Ladbroke Group Properties, which is part of Ladbroke Group, is suing three Jersey companies for repayment of loans of more than #9.5m. It claims that it agreed to lend three companies – Brompton Holdings, Monteagle Holdings (Jersey) and Remlap Holdings – up to #10m, so that they in turn could lend the money to two other companies, for property purchases, including part of London's Savoy Hotel. However, Ladbroke Group claim the agreement has been breached and is seeking repayment of #9.6m allegedly outstanding. Ladbrokes is represented by SJ Berwin.