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Bark & Co Solicitors London News: 'Rogue trader' Kweku Adoboli tagged and freed on bail

By Bark Co Solicitors Subscribe to RSS | June 16th 2012 | Views:
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The City trader accused of Britain’s biggest bank fraud was granted bail today.

Ghanaian-born Kweku Adoboli, 31, is likely to be freed from jail after the weekend with an electronic tag. He will be under curfew and must live at a specific London address.

The details were agreed before a judge in chambers at Southwark crown court.

Adoboli’s solicitor Tim Harris, of Bark & Co said his client was delighted and “very emotional”.

A spokesman said: "Kweku Adoboli is delighted he has been granted bail. He is now free to work on the case with his legal team and is looking forward to defending himself."

The former employee of Swiss bank UBS, accused of being a £1.3 billion “rogue trader”, denies two charges of false accounting, dating as far back as 2008, and two counts of fraud between January and September last year.

A provisional trial date has been set for September 3 and the case is expected to last for eight weeks.

About Bark & Co Solicitors

At Bark & Co our expert legal team has built an enviable reputation for the quality of representation, responsiveness to client needs, and high levels of client satisfaction. An original member of the Specialist Fraud Panel, Bark & Co are amongst the top firms in UK specialising in defending criminal and civil fraud, regulatory litigation, money laundering, insider dealing and cyber crime. Our civil department specialises in all aspects of HM Customs and Excise investigations including VAT and Duties Tribunals and have established a leading practice in the fields of cash and asset recovery.

Bark & Co maintain a market leading position in large scale, highly complex fraud cases that often cross international jurisdictions. Key to our success is a culture of matching the best legal expertise to our client requirements to ensure creative, effective, and convincing defence solutions.

Our client base ranges from large corporate's to individuals and we regularly defend against high profile investigations and prosecutions including those undertaken by the Serious Fraud Office (SFO), Financial Standards Authority (FSA) and the Serious Organised Crime Agency (SOCA) as well as other UK Government Authorities

Bark Co Solicitors - About Author:
Specialists in complex fraud, serious crime, regulatory litigation and tax compliance.
At Bark & Co our expert legal team has built an enviable reputation for the quality of representation, responsiveness to client needs, and high levels of client satisfaction. An original member of the Specialist Fraud Panel, Bark & Co are amongst the top firms in UK specialising in

defending criminal and civil fraud, regulatory litigation, money laundering, insider dealing and cyber crime. Our civil department specialises in all aspects of HM Customs and Excise investigations including VAT and Duties Tribunals and have established a leading practice in the fields

of cash and asset recovery.

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