Kweku Adoboli
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UBS trader Kweku Adoboli remanded in custody after fraud charge

The UBS trader alleged to have lost UBS $2bn (£1.3bn) in unauthorised trading, has appeared in court in London.

Kweku Adoboli, 31, has been remanded in custody until a committal hearing on 22 September after being charged with fraud and false accounting.

According to the charges, the fraud took place between January and September this year.

Hugh Pym reports.