A City trader from London accused of gambling away a record £1.4 billion in a banking fraud has been granted bail.<br />Kweku Adoboli, 32, from Clark Street, Whitechapel, east London, is accused of losing the money while working for Swiss banking giant UBS.<br />He denied two counts of fraud and two counts of false accounting at an earlier hearing but was remanded in custody.<br />After a bail hearing held behind closed doors at Southwark Crown Court, Adoboli was granted bail on the condition that he must reside at a friend's house and abide by a curfew enforced using an electronic tag.<br />A sum of surety, put up by friends but which was not disclosed publicly, was also imposed.<br />Adoboli was said to be "delighted" to have been given bail.<br />He is due to stand trial in September with a possible preliminary hearing scheduled for July 20.
