Former UBS trader jailed for Britain’s biggest fraud deported
16 Nov 2018

Kweku Adoboli, a former UBS trader jailed for Britain’s biggest fraud over unauthorised trades that cost the Swiss bank $2.3 billion (1.7 billion pounds), has been deported to Ghana, his spokesman said.

Adoboli was put on a commercial flight from Heathrow on Wednesday after being detained in Scotland earlier in the week, the spokesman said.

Adoboli’s case made global headlines when he was arrested in 2011 and tried in 2012 over the huge losses to UBS, caused by trades far in excess of his authorised risk limits which he had pretended to hedge by booking fictitious off-setting trades.

A Ghanaian national who has lived in Britain since he was 12, Adoboli, now 38, was released from prison on probation in 2015 after serving half of a seven-year sentence.

– By Alistair Smout;, Reuters, 15 November 2018.

Link to Reuters.

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