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Home > Business Daily > Former UBS Trader Faces Deportation
Podcast: Business Daily
Episode:

Former UBS Trader Faces Deportation

Category: Business
Duration: 00:17:27
Publish Date: 2018-09-04 04:10:00
Description: Kweku Adoboli, who cost his former employer $2.3 billion through reckless trades, now faces being sent to Ghana, a country he left at the age of four. That's because the UK Home Office automatically considers any foreign national sentenced to more than four years in jail for deportation. Adoboli was convicted of fraud in 2012 after the largest loss in British trading history. His local member of parliament, Hannah Bardell, has been pushing the UK government to let him stay. So is the high stakes gambling culture of the trading world all in the past? We hear from Peter Hahn, former Wall Street banking executive and Henry Grunfeld Professor of Banking at The London Institute of Banking & Finance. (Picture: Kewku Adoboli. Credit: BBC)
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