Ex-UBS Trader Says No-One Would Help Him As They Fear Firm

Pointing The Finger

Kweku Adoboli, the former UBS trader on trial over a $2.3bn loss, said he hasn’t been able to find any current or former UBS employees to testify on his behalf because they fear the bank.

'People have been in touch and said we’d like to help you but we can’t', Adoboli told a court on his fourth day of testimony. 'Across the industry, there is no one who’s been willing to stand up to the machine'.

Bloomberg reports that Adoboli, 32, pointed to the area in the London courtroom next to prosecutors that has been reserved for UBS officials. Nine lawyers and two public relations officials were present Wedneday on behalf of the bank. Some have passed notes to the prosecutors during the trial, he said.

'You see the machine that is amassed against me', Adoboli said, pointing at them. 'All of these people, along with the police, along with the Crown Prosecution Service'.

Hit the link below to access the complete Bloomberg article:

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image: © Lisamarie Babik

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