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Adoboli breaks down in court as defence begins

The ex-UBS trader, alleged to have caused a $2.3bn trading loss at the Swiss bank, broke down in tears today as he took the stand for the first time in the case against him

Ex-UBS trader Kweku Adoboli broke down in court today as he explained why trades made during his time on the bank’s ETF desk in London were hidden from the bank.

The Ghanaian-born trader, 32, is alleged to have caused a $2.3bn loss at UBS last year from unauthorised trading. The losses came to light in September 2011.

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