UBS £1.4bn fraud accused Kweku Adoboli granted bail

2012-06-13 3

A City trader accused of gambling away a record £1.4 billion in a banking fraud has been granted bail.
Kweku Adoboli, 32, from Clark Street, Whitechapel, east London, is accused of losing the money while working for Swiss banking giant UBS.
He denied two counts of fraud and two counts of false accounting at an earlier hearing but was remanded in custody.

Free Traffic Exchange