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Adoboli lied to UBS investigators and police, court hears

Accused rogue trader says his first explanations of trades were false

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In court yesterday, accused UBS rogue trader Kweku Adoboli claimed that his initial explanations of his activities – given both to UBS investigators and to City of London police – were largely false. Adoboli faces six charges of fraud by abuse of position and false accounting, which he denies.

Under cross-examination by Sasha Wass, for the prosecution, Adoboli said his initial statements to UBS on

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