Adoboli lied to UBS investigators and police, court hears

ubs-regular

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 September 14–15, 2011 – in the form of an email confessing to the unauthorised trades and

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