Mr. Kweku Adoboli, a trader accused of fraud at UBS bank, was granted bail from Wandsworth Prison and is scheduled to be released on June 11th. His lawyer said Mr. Adoboli was delighted by the decision and looks forward to working on his case from the London offices of his legal team. Mr. Adoboli denies charges related to unauthorized trading while working at UBS and causing losses of £1.4 billion.

1. London, United Kingdom News:

2. “Mr Kweku Adoboli was granted bail after a successful
bail application at Southwark Crown Court. Mr Tim
Harris, Solicitor on this matter said his client was
"delighted, very emotional and would like to thank all
his family and friends for their support". Mr Adoboli is
due to be released from Wandsworth prison June 11th
pending the bail terms being satisfied.”

3.  Mr Giles Bark-Jones, partner at Bark and Co Solicitors
said "Our client is both emotional and delighted at the
outcome of today's bail hearing. He looks forward to
working on his case at our London offices."

4. See below press coverage from BBC News:
 A City trader accused of a £1.4bn ($2.2bn) fraud at the
London offices of Swiss banking giant UBS is to be freed
from Wandsworth Prison on bail.
 Kweku Adoboli, 32, will be released on Monday with an
electronic tag ahead of his trial in September, a bail
hearing at Southwark Crown Court heard.
 He was "delighted" by the decision, his lawyer Giles Bark-
Jones said.

5. See below press coverage from BBC News:
 The trader, who was arrested in September last year, denies two
charges of false accounting and two of fraud.
 Mr Bark-Jones told the BBC: "Our client is both emotional and
delighted at the outcome of today's bail hearing. He looks
forward to working on his case at our London offices."
 Mr Adoboli, of Clark Street, east London, is accused of
unauthorised trading while working for UBS's global synthetic
equities division, where he bought and sold exchange traded
funds..
 http://www.barkco.com/