Adoboli did not try to hide rogue trades, defence tells court in closing

ubs

Kweku Adoboli did not try and hide his alleged rogue trades from colleagues and superiors at UBS, his defence told Southwark Crown Court today in its closing statement at the former UBS banker's trial.

Adoboli faces two charges of fraud and four of false accounting, which he denies. UBS lost $2.3 billion as a result of the alleged rogue trades.

In the defence's summing up, the court heard that Adoboli's superiors at UBS were happy while he was making profits. "He made excessive profits out of

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