Khor Fakhhan, Arabian Gulp - (Shat El Arab): Dubai ruler Shaikh Mohammed has gone bust according to reliable City sources.
The collapse of his family trust Dubai Arm and a Leg Holdings comes almost one year since Off-the-Wall Street ponzi scammer Bernard Madoff bankrupted the entire Mossad Pension Fund.
One Kabulshit Stock Exchange trader described this week's bankruptcy as yet another massive KGB pyramid scheme going belly-up in public.
Lawyers for McTomb-Raider said today the old Shaikh cannot meet repayments on a $200 billion loan secured on next year's string of wannabe Epsom Derby contenders.
And Lloyds of London has just turned down his $25 billion claim after two thousand prized thoroughbred camels suddenly turned feral.
Godolphin camel jockey, er...stable jockey! Frankie De Tory said today the Boss still had plenty stashed under the mattress.
"Six to four on favorite the Boss comes up smelling of roses!" Frankie told worried reporters today.
The horticultural bet was later amended to 'pushing up daisies' after a Harley Street cardiogram detected blockages in McTomb-Raider's Triumph Hurdle.