A subsidiary of Switzerland’s Bank Sarasin has asked a Dubai court to strike down a $225 million claim that it misrepresented investments to three members of a prominent Kuwaiti family, according to The National.

The request came during the first hearing of a case lodged in the Dubai International Financial Centre Courts late last year, the publication said.

Rafed al Khorafi, the chairman of AM Al-Khorafi Establishment in Kuwait, along with his wife and mother, claimed investments made in 2007 were presented as ones that could “never lose money”, but resulted in $75 million of losses, court documents show.

The family members are seeking triple damages under DIFC laws covering breach of contract, negligence and misrepresentation. Bank Sarasin-Alpen, a subsidiary of the Swiss bank, is based in the financial free zone and was the conduit through which the Khorafis made the investments, court documents, as cited by the publication, said.

The allegations, however, lacked detail and should be dismissed, a lawyer for Bank Sarasin-Alpen argued at the two-day hearing, the publication said.