Vanity Bar and Nightclub on Carlisle Street narrowly avoided being closed down for good after the alleged spikings were reported to police with punters claiming to have lost a combined 250,000.
The venue was closed for three months with 23 robust conditions passed down to the venue at a Westminster licensing sub-committee on Monday.
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Gary Grant, a lawyer representing Vanity, criticised the police investigation claiming that the vast bulk of the transactions went to registered companies that had nothing to do with the strip club.
He added the men who visited the venue had simply made up excuses when their wives or girlfriends were pinged by their bank accounts showing what they were up to.
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Another victim claimed he woke up in a brothel near Hyde Park after visiting the strip club and discovered 98,000 had been transferred from his accounts.
The IT freelancer claimed he found two needle marks on his hand.
He added: I paid for dancers and I was the one that was drugged and then robbed.
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