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An alleged renegade trader accused of losing Swiss banking giant UBS about billion in unauthorized trading was charged Friday with fraud and false accounting, and ordered to appear before a London court.
City of London police said that 31-year-old Kweku Adoboli would appear at a magistrates’ court in the British capital on Friday.
“He remains in police custody and is due to appear at City of London Magistrates this afternoon,” the police department said in a statement. It said an investigation involving financial regulator the Financial Services Authority, the
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