{"id":1812,"date":"2018-09-03T15:43:53","date_gmt":"2018-09-03T15:43:53","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/ex-ubs-trader-who-lost-1-4bn-faces-deportation-to-ghana\/"},"modified":"2018-09-03T15:43:53","modified_gmt":"2018-09-03T15:43:53","slug":"ex-ubs-trader-who-lost-1-4bn-faces-deportation-to-ghana","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/ex-ubs-trader-who-lost-1-4bn-faces-deportation-to-ghana\/","title":{"rendered":"Ex-UBS trader who lost \u00a31.4bn faces deportation to Ghana"},"content":{"rendered":"\n
\n
<\/p>\n

\"KwekuImage copyright<\/span>
\n Getty Images<\/span><\/p>\n

<\/span><\/p>\n<\/figure>\n

Kweku Adoboli, a former trader convicted of fraud in 2012, is facing deportation to Ghana after being detained at Livingston police station.<\/p>\n

He served four years of a seven-year sentence for a \u00a31.4bn fraud at Swiss bank UBS. He was released in 2015.<\/p>\n

Foreign nationals sentenced to more than four years are automatically considered for deportation.<\/p>\n

His spokesperson said he was being held at Scotland’s Dungaval Immigration Removal Centre.<\/p>\n

The spokesperson added that the Home Office has indicated its intention to deport him on or soon after 10 September.<\/p>\n

He was detained when attending a monthly check-in at Livingston police station.<\/p>\n

Adoboli is Ghanaian, but has lived in the UK since the age of 12.<\/p>\n

‘Largest trading loss’<\/h2>\n

During his trial at Southwark Crown Court in 2012, he had denied the charges, which related to the period between October 2008 and September 2011.<\/p>\n

He had told the jury his senior managers were aware of his actions and encouraged him to take risks.<\/p>\n

But the jury was told he lost the money in “unprotected, unhedged, incautious and reckless” trades.<\/p>\n

The judge, Mr Justice Keith, had told him when he was sentenced<\/a>: “Whatever the verdict of the jury, you would forever have been known as the man responsible for the largest trading loss in British banking history.”<\/p>\n