Business

Former UBS Trader Jailed For Britain’s Biggest Fraud Deported To Ghana

A Ghanaian national who has lived in Britain since he was 12, Adoboli, now 38, was released from prison on probation in 2015 after serving half of a seven-year sentence (Photo: FABRICE COFFRINI/AFP/Getty Images).

By: Radhakrishna N S

Former UBS trader Kweku Adoboli who jailed for Britain’s biggest fraud over unauthorised trades that cost the Swiss bank $2.3 billion, has been deported to Ghana, his spokesman said. Adoboli was put on a commercial flight from Heathrow on Wednesday (14) after being detained in Scotland earlier in the week, the spokesman said. Adoboli’s case made global headlines when he was arrested in 2011 and tried in 2012 over the huge losses to UBS, caused by trades far in excess of his authorised risk limits which he pretended to hedge by booking fictitious off-setting trades. A Ghanaian national who has…

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