Lawyer: Accused UBS bank trader 'sorry beyond words'
A bank trader has been recently accused of fraud in connection with a $2.3 billion loss in unauthorized trading, reported by Swiss giant UBS is "sorry beyond words," his lawyer said Thursday.
Kwaku Adoboli was remanded in custody until 20 of October, by the Mgistrate Court of Londong
I a statement in the court that , lawyer Patrick Gibbs maid, he stated that his client was " sorry behond words for what had happened here"
His client "went to UBS himself," the lawyer said.
Adoboli faces a charge of fraud by abuse of position between January and September 2011, causing losses in excess of $1.5 billion, and two counts of false accounting.
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