Elton John sues banker

Updated: Sep 15, 2011, 08:45 AM IST

London: Singer Elton John is taking legal action against a banker who failed to honour a 650,000-pound bid made at a charity auction.

"Elton is not personally hounding the man and demanding the cash back but he is fully supportive of the legal proceedings to benefit the charity. The lot was a one-off opportunity to make his charity an astonishing amount of money" dailystar.co.uk quoted a source as saying.

"Organisers had actually secured another bid of 650,000 pounds which, of course, they would have been delighted with" the source added.

At Elton`s annual White Tie and Tiara Ball last year, Spencer Lodge won the chance to spend a day with Elton. But the banker has reportedly failed to honour a contract he signed pledging the money to the Elton John Aids Foundation.