June 16, 2012 – BLACKFRIARS, LONDON – (Kazor.com) – The City trader accused of Britain’s biggest bank fraud was granted bail today.
Ghanaian-born Kweku Adoboli, 31, is likely to be freed from jail after the weekend with an electronic tag. He will be under curfew and must live at a specific London address.
The details were agreed before a judge in chambers at Southwark crown court.
Adoboli’s solicitor Tim Harris, of Bark & Co said his client was delighted and “very emotional”.
A spokesman said: “Kweku Adoboli is delighted he has been granted bail. He is now free to work on the case with his legal team and is looking forward to defending himself.”
The former employee of Swiss bank UBS, accused of being a £1.3 billion “rogue trader”, denies two charges of false accounting, dating as far back as 2008, and two counts of fraud between January and September last year.
A provisional trial date has been set for September 3 and the case is expected to last for eight weeks.
About Bark & Co Solicitors
At Bark & Co our expert legal team has built an enviable reputation for the quality of representation, responsiveness to client needs, and high levels of client satisfaction. An original member of the Specialist Fraud Panel, Bark & Co are amongst the top firms in UK specialising in defending criminal and civil fraud, regulatory litigation, money laundering, insider dealing and cyber crime. Our civil department specialises in all aspects of HM Customs and Excise investigations including VAT and Duties Tribunals and have established a leading practice in the fields of cash and asset recovery.
