PPP KINGDOM

PPP KINGDOM

UBS TRADER ADOBOLI PREFERS TO STAY IN JAIL + DOES NOT APPLY FOR BAIL

leave a comment »

Kweku Adoboli, the UBS trader charged with fraud and false accounting that may have resulted in a $2.3 billion loss, said through his lawyer that he was “sorry beyond words” after facing an additional fraud charge at a court hearing today.

The 31-year-old, who holds a Ghanaian passport, didn’t apply for bail when he appeared at a magistrates court in London. Prosecutor David Levy said the alleged loss may exceed $2.3 billion. Adoboli wasn’t required to enter a plea today and another hearing was scheduled for Oct. 20.

http://www.bloomberg.com/news/2011-09-22/adoboli-may-have-lost-more-than-2-3-billion-prosecutor-says.html

Best Regards,

FINANCIAL WARRIOR

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: