UBS 'rogue trader' granted bail by UK court

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Former UBS trader Kweku Adoboli, who is accused of unauthorised deals that cost the Swiss bank $2.3 billion, was granted bail by a London court on Friday.

Business Economy & Finance

UBS 'rogue trader' granted
bail by UK court

- Bark & Co Solicitors

Former UBS trader

Kweku Adoboli, who is accused of
unauthorised deals that cost the
Swiss bank $2.3 billion, was
granted bail by a London court on
Friday.

Adoboli, who denies charges of
fraud and false accounting relating
to the loss, was arrested last
September. He was previously
denied bail in February.

Friday's bail application was heard
behind closed doors at Southwark
Crown Court and the exact conditions
were not disclosed to media but Tim
Harris, a lawyer acting for Adoboli,
said there were sureties involved,
that the defendant would have to live
at a friend's house in London under
curfew and that he would be tagged.

The start of the trial has
been set for September 3.

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UBS 'rogue trader' granted bail by UK court

1. UBS 'rogue trader' granted bail by UK court - Bark & Co Solicitors

2. Former UBS trader Kweku Adoboli, who is accused of unauthorised deals that cost the Swiss bank $2.3 billion, was granted bail by a London court on Friday.

3. Adoboli, who denies charges of fraud and false accounting relating to the loss, was arrested last September. He was previously denied bail in February.

4. Friday's bail application was heard behind closed doors at Southwark Crown Court and the exact conditions were not disclosed to media but Tim Harris, a lawyer acting for Adoboli, said there were sureties involved, that the defendant would have to live at a friend's house in London under curfew and that he would be tagged.

5. The start of the trial has been set for September 3.

UBS 'rogue trader' granted bail by UK court

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