Adoboli admits lying to UBS

Former UBS trader tells a London court that he lied about his trading activities to Swiss bank’s compliance staff to shield them from blame and give himself time to recoup his losses

Wednesday 31 October 2012 at 13:20

Kweku Adoboli today told a London court that nobody was willing to "stand up to the machine" and support him in his defence against charges of fraud and false accounting.

"There is a huge difference between what actually happens at a bank, and what is stated," said Adoboli, who was giving evidence for a fourth day today.