{"id":11651,"date":"2018-09-16T22:22:00","date_gmt":"2018-09-16T22:22:00","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=11651"},"modified":"2018-09-16T22:22:00","modified_gmt":"2018-09-16T22:22:00","slug":"former-ubs-rogue-trader-adoboli-to-be-deported-on-tuesday","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=11651","title":{"rendered":"Former UBS rogue trader Adoboli to be deported on Tuesday"},"content":{"rendered":"
\"\"
Kweku Adoboli, ex-UBS trader arrives at Southwark Crown Court this morning,<\/figcaption><\/figure>\n

The lawyer of Kweku Adoboli, a former UBS banker convicted for causing the biggest trading loss in British banking history will on Monday make a final attempt to prevent his imminent deportation a day later by filing for a judicial review.<\/p>\n

Adoboli\u2019s solicitor Jacqueline McKenzie told reporters at a press conference Thursday that her client is due to be deported by charter flight on Tuesday (September 18) to his native Ghana.<\/p>\n

This follows the rejection of his latest appeal by the British government to stay in the country despite his fraud conviction.<\/p>\n

Adoboli, 38, had been held at Dungaval detention centre in Scotland since September 3 but he has been moved to a Heathrow detention centre as the Home Office push ahead with deportation plans.<\/p>\n

Deporting me to Ghana worse than being jailed in UK \u2013 Adoboli<\/p>\n

She argued that her client who has lived since he was 12 is reformed and now uses his business acumen to help young black men set up businesses through an organisation called Bigger.<\/p>\n

Arguing for Adoboli\u2019s imminent deportation to be reconsidered in the context of the Windrush scandal she said her client had lived most of his life in the United Kingdom and does not know much about Ghana.<\/p>\n

\u201cNobody can ever argue that, that is humanity. To pick people up and send them to countries that they barely know, and in the cases that I\u2019ve come across, didn\u2019t know at all, didn\u2019t speak the language.<\/p>\n

\u201cI mean Kweku doesn\u2019t even speak his native languages in the way that he would be required to. He has some knowledge of them, but not in the way he would be required to were he to try and work in Ghana. And the Home Office says, that, you know business is conducted in English in Ghana, but at the same time the Home Office says that anybody from Ghana requiring a visa to come to the UK must prove they can speak English, so they can\u2019t have it both ways\u201d.<\/p>\n

Background<\/strong>
\nAdoboli joined UBS\u2019s London office as a graduate trainee in September 2006. After working for two years as a trading analyst in the bank\u2019s back office, he was promoted to a Delta One trading desk.<\/p>\n

In 2008, he became a director on the ETF desk, and by 2010, he was promoted to director, with a total annual salary of almost \u00a3200,000.<\/p>\n

Beginning in 2008, Adoboli started using the bank\u2019s money for unauthorised trades. He entered false information into UBS\u2019s computers to hide the risky trades he was making.<\/p>\n

He exceeded the bank\u2019s per-employee daily trading limit of US$100 million and failed to hedge his trades against risk.<\/p>\n

He also used his personal funds on two spread betting accounts, IG Index and City Index, where he lost around \u00a3100,000. In mid-2011, UBS launched an internal investigation into Adoboli\u2019s trades.<\/p>\n

On 14 September 2011, Adoboli wrote an e-mail to his manager admitting to booking false trades. His trades cost the bank $2 billion (\u00a31.3 billion) and wiped off $4.5 billion (\u00a32.7 billion) from its share price. The trading losses he incurred while trading for his bank were the largest unauthorised trading losses in British history.<\/p>\n

Charges and conviction
\nOn 15 September 2011, Adoboli was arrested by City of London Police. He was charged with two counts of fraud by abuse of position and four counts of false accounting.<\/p>\n

He was in prison on remand until 8 June 2012, when he was granted bail subject to being electronically tagged and placed under curfew at a friend\u2019s house. On the morning of 20 November 2012, a jury at Southwark Crown Court unanimously found Adoboli guilty on one count of fraud. Later the same day, after receiving an instruction allowing for a majority decision with a single vote against, the jury found him guilty of a second count of fraud. The jury also found him not guilty on the four false accounting charges.[7][8] He was sentenced to seven years in prison.<\/p>\n

The City of London Police said: \u201cThis was the UK\u2019s biggest fraud, committed by one of the most sophisticated fraudsters the City of London Police has ever come across.\u201d<\/p>\n

Adoboli was incarcerated at Verne Prison in Dorset, Ford Prison in West Sussex and Maidstone Prison in Kent. He was released in June 2015.<\/p>\n

\u2013<\/p>\n

Source: Graphic Online<\/p>\n","protected":false},"excerpt":{"rendered":"

The lawyer of Kweku Adoboli, a former UBS banker convicted for causing the biggest trading loss in British banking history will on Monday make a final attempt to prevent his imminent deportation a day later by filing for a judicial review. Adoboli\u2019s solicitor Jacqueline McKenzie told reporters at a press conference Thursday that her client […]<\/p>\n","protected":false},"author":2,"featured_media":11652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":0,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-11651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"yoast_head":"\nFormer UBS rogue trader Adoboli to be deported on Tuesday - Kumasi Online TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kumasionlinetv.com\/?p=11651\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Former UBS rogue trader Adoboli to be deported on Tuesday - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"The lawyer of Kweku Adoboli, a former UBS banker convicted for causing the biggest trading loss in British banking history will on Monday make a final attempt to prevent his imminent deportation a day later by filing for a judicial review. Adoboli\u2019s solicitor Jacqueline McKenzie told reporters at a press conference Thursday that her client […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kumasionlinetv.com\/?p=11651\" \/>\n<meta property=\"og:site_name\" content=\"Kumasi Online TV\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-16T22:22:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kumasionlinetv.com\/wp-content\/uploads\/2018\/09\/Kweku-Adoboli.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kumasi Online\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kumasi Online\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651\"},\"author\":{\"name\":\"Kumasi Online\",\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/#\\\/schema\\\/person\\\/71129f20b230eb698b6e82454423d7de\"},\"headline\":\"Former UBS rogue trader Adoboli to be deported on Tuesday\",\"datePublished\":\"2018-09-16T22:22:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651\"},\"wordCount\":736,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/Kweku-Adoboli.jpg\",\"articleSection\":[\"WORLD NEWS\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651\",\"url\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651\",\"name\":\"Former UBS rogue trader Adoboli to be deported on Tuesday - Kumasi Online TV\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/Kweku-Adoboli.jpg\",\"datePublished\":\"2018-09-16T22:22:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/#\\\/schema\\\/person\\\/71129f20b230eb698b6e82454423d7de\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651#primaryimage\",\"url\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/Kweku-Adoboli.jpg\",\"contentUrl\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/Kweku-Adoboli.jpg\",\"width\":2048,\"height\":1152,\"caption\":\"Kweku Adoboli, ex-UBS trader arrives at Southwark Crown Court this morning,\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?p=11651#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Former UBS rogue trader Adoboli to be deported on Tuesday\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/#website\",\"url\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/\",\"name\":\"Kumasi Online TV\",\"description\":\"#kumasionlinetv\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/#\\\/schema\\\/person\\\/71129f20b230eb698b6e82454423d7de\",\"name\":\"Kumasi Online\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1306dabbc486b8f2f1aedd550d115d9ffaeaecd7c4521dcef901b9b95e9f345a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1306dabbc486b8f2f1aedd550d115d9ffaeaecd7c4521dcef901b9b95e9f345a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1306dabbc486b8f2f1aedd550d115d9ffaeaecd7c4521dcef901b9b95e9f345a?s=96&d=mm&r=g\",\"caption\":\"Kumasi Online\"},\"sameAs\":[\"http:\\\/\\\/kumasionlinetv.com\",\"Daniel Yeboah\"],\"url\":\"https:\\\/\\\/www.kumasionlinetv.com\\\/?author=2\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Former UBS rogue trader Adoboli to be deported on Tuesday - Kumasi Online TV","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.kumasionlinetv.com\/?p=11651","og_locale":"en_GB","og_type":"article","og_title":"Former UBS rogue trader Adoboli to be deported on Tuesday - Kumasi Online TV","og_description":"The lawyer of Kweku Adoboli, a former UBS banker convicted for causing the biggest trading loss in British banking history will on Monday make a final attempt to prevent his imminent deportation a day later by filing for a judicial review. Adoboli\u2019s solicitor Jacqueline McKenzie told reporters at a press conference Thursday that her client […]","og_url":"https:\/\/www.kumasionlinetv.com\/?p=11651","og_site_name":"Kumasi Online TV","article_published_time":"2018-09-16T22:22:00+00:00","og_image":[{"width":2048,"height":1152,"url":"https:\/\/www.kumasionlinetv.com\/wp-content\/uploads\/2018\/09\/Kweku-Adoboli.jpg","type":"image\/jpeg"}],"author":"Kumasi Online","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kumasi Online","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.kumasionlinetv.com\/?p=11651#article","isPartOf":{"@id":"https:\/\/www.kumasionlinetv.com\/?p=11651"},"author":{"name":"Kumasi Online","@id":"https:\/\/www.kumasionlinetv.com\/#\/schema\/person\/71129f20b230eb698b6e82454423d7de"},"headline":"Former UBS rogue trader Adoboli to be deported on Tuesday","datePublished":"2018-09-16T22:22:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.kumasionlinetv.com\/?p=11651"},"wordCount":736,"commentCount":0,"image":{"@id":"https:\/\/www.kumasionlinetv.com\/?p=11651#primaryimage"},"thumbnailUrl":"https:\/\/www.kumasionlinetv.com\/wp-content\/uploads\/2018\/09\/Kweku-Adoboli.jpg","articleSection":["WORLD NEWS"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.kumasionlinetv.com\/?p=11651#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.kumasionlinetv.com\/?p=11651","url":"https:\/\/www.kumasionlinetv.com\/?p=11651","name":"Former UBS rogue trader Adoboli to be deported on Tuesday - Kumasi Online TV","isPartOf":{"@id":"https:\/\/www.kumasionlinetv.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.kumasionlinetv.com\/?p=11651#primaryimage"},"image":{"@id":"https:\/\/www.kumasionlinetv.com\/?p=11651#primaryimage"},"thumbnailUrl":"https:\/\/www.kumasionlinetv.com\/wp-content\/uploads\/2018\/09\/Kweku-Adoboli.jpg","datePublished":"2018-09-16T22:22:00+00:00","author":{"@id":"https:\/\/www.kumasionlinetv.com\/#\/schema\/person\/71129f20b230eb698b6e82454423d7de"},"breadcrumb":{"@id":"https:\/\/www.kumasionlinetv.com\/?p=11651#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.kumasionlinetv.com\/?p=11651"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.kumasionlinetv.com\/?p=11651#primaryimage","url":"https:\/\/www.kumasionlinetv.com\/wp-content\/uploads\/2018\/09\/Kweku-Adoboli.jpg","contentUrl":"https:\/\/www.kumasionlinetv.com\/wp-content\/uploads\/2018\/09\/Kweku-Adoboli.jpg","width":2048,"height":1152,"caption":"Kweku Adoboli, ex-UBS trader arrives at Southwark Crown Court this morning,"},{"@type":"BreadcrumbList","@id":"https:\/\/www.kumasionlinetv.com\/?p=11651#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.kumasionlinetv.com\/"},{"@type":"ListItem","position":2,"name":"Former UBS rogue trader Adoboli to be deported on Tuesday"}]},{"@type":"WebSite","@id":"https:\/\/www.kumasionlinetv.com\/#website","url":"https:\/\/www.kumasionlinetv.com\/","name":"Kumasi Online TV","description":"#kumasionlinetv","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.kumasionlinetv.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.kumasionlinetv.com\/#\/schema\/person\/71129f20b230eb698b6e82454423d7de","name":"Kumasi Online","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/1306dabbc486b8f2f1aedd550d115d9ffaeaecd7c4521dcef901b9b95e9f345a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1306dabbc486b8f2f1aedd550d115d9ffaeaecd7c4521dcef901b9b95e9f345a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1306dabbc486b8f2f1aedd550d115d9ffaeaecd7c4521dcef901b9b95e9f345a?s=96&d=mm&r=g","caption":"Kumasi Online"},"sameAs":["http:\/\/kumasionlinetv.com","Daniel Yeboah"],"url":"https:\/\/www.kumasionlinetv.com\/?author=2"}]}},"_links":{"self":[{"href":"https:\/\/www.kumasionlinetv.com\/index.php?rest_route=\/wp\/v2\/posts\/11651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kumasionlinetv.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kumasionlinetv.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kumasionlinetv.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kumasionlinetv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11651"}],"version-history":[{"count":0,"href":"https:\/\/www.kumasionlinetv.com\/index.php?rest_route=\/wp\/v2\/posts\/11651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kumasionlinetv.com\/index.php?rest_route=\/wp\/v2\/media\/11652"}],"wp:attachment":[{"href":"https:\/\/www.kumasionlinetv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kumasionlinetv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kumasionlinetv.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}