Celebrity psychic Uri Gellar has slammed claims his pal Michael Jackson is facing bankruptcy.

The mystical star, who persuaded the BAD singer to take part in MARTIN BASHIR's controversial documentary LIVING WITH MICHAEL JACKSON, insists it would be impossible for Jacko to have spent his way through his vast wealth.

He says, "I can't believe someone once worth almost $1 billion (GBP670 million) is going bankrupt. Even if he spent half that, he has property and his royalties, which includes the Beatles back catalogue.

"If I am wrong, he would be foolish to maintain his standard of living, but I cannot believe it."

02/06/2003 17:06