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Adoboli found guilty of fraud

GUILTY VERDICT: Kweku Adoboli

FORMER UBS trader Kweku Adoboli has been of fraud in relation to a £1.4bn loss.

A jury at Southwark Crown Court found Adoboli guilty of one count of fraud.

The 32-year-old from Whitechapel, east London, denied two charges of fraud by abuse of position and four charges of false accounting, covering the period from October 2008 to his arrest on September 15, 2011.

The jury are currently deliberating over the other charges.

More to follow…

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