SCANDALS: Sir Hugh's Addiction

He could frequently be seen in the casinos of London and Monte Carlo, always at the roulette wheel and usually on a massive losing streak. At one time. Sir Hugh Fraser, at 40 one of Britain's more powerful businessmen, played back-to-back tables at Ladbroke's and lost the equivalent of half a million dollars in a single evening. To cover his losses, Fraser has been forced into selling an estimated $2.4 million worth of stock in Scottish & Universal Investments Ltd., an associate company of the House of Fraser Ltd., which owns Harrods...

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