WITNESSES AT ADOBOLI ROGUE TRADER CASE DENY DEFENCE CLAIMS THEY KNEW OF HIS FRAUD
September 1st, 2012
BY CARMEN PAUN
WITNESSES at the trial of UBS alleged rogue trader Kweku Adoboli have been rebuffing defence claims they knew about his frauds, and so shared the blame. The defence at the Southwark Crown Court case, London, which began September 3, is arguing the bank tolerated Adoboli's unauthorised trades, if it made UBS money. John Hughes and Simon Taylor, two former colleagues of the defendant at UBS Exchange Traded Funds (ETF), denied being part of the fraud during their court testimonies on October 2. Electronic messages between them and Adoboli have shown ...
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