Trader accused of £1.3bn fraud weeps in court

A CITY trader wept in the dock yesterday as he appeared in court accused of a £1.3 billion (€1.45bn) fraud at Swiss banking giant UBS.

With an open-necked white shirt and sky blue sweatshirt, Kweku Adoboli stood accused of fraud and two charges of false accounting, one of which dated back to 2008.

The 31-year-old was remanded in custody to appear again at City of London Magistrates Court for a committal hearing on September 22.