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UBS £1.4bn fraud accused Kweku Adoboli granted bail

2012-06-13 3 Dailymotion

A City trader 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.

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