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Ex-UBS trader falsified trades, lied to bank

Details of how Kweku Adoboli, the ex-UBS trader undergoing trial in a London magistrates court for unauthorised trades that resulted in a US$2.3 billion loss for the bank, emerged yesterday during the court proceedings. Adoboli’s case has been transferred to a criminal court and the charges levelled against him now include two counts of fraud. It has been revealed that…

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