Navigation

Ex-UBS trader accused of fraud remanded again

A former UBS trader accused of unauthorised trading has been remanded in custody by a London court until December 20.

This content was published on November 22, 2011 - 13:56
swissinfo.ch and agencies

The 31-year-old man, whose actions the Swiss bank says cost it some $2.3 billion (SFr2.1 billion), faces two charges of fraud and two of false accounting in a case that has shaken the investment banking world.

The British-educated son of a retired United Nations official from Ghana worked as a director of exchange traded funds at UBS. He has yet to enter a plea.

On Tuesday, the man spoke only to confirm his name during his latest court appearance since being arrested in London in September. 

At a previous hearing, his lawyer said had said the accused was “sorry beyond words for what had happened”. 

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

Comments under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Join the conversation!

With a SWI account, you have the opportunity to contribute on our website.

You can Login or register here.