Rogue trader Kweku Adoboli fraud 'Caused Chaos'

Rogue trader Kweku Adoboli fraud 'Caused Chaos'

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Social Studies

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The transcript details the case of Kweku Adoboli, a former UBS employee accused of causing a 1.4 billion pound loss through fictitious deals. The prosecution alleges his actions were driven by personal gain, risking the bank's future. The financial impact was significant, with UBS's share price dropping by 10%. The case outlines Adoboli's motives, the discovery of the fraud, and the subsequent legal proceedings. Adoboli denies the charges, and the case continues in court.

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