Former UBS trader Adoboli nears deportation as judge denies judicial review
Hopes that Kweku Adoboli will be spared deportation were fading this evening after the former UBS rogue trader lost a last-ditch legal attempt to stay in the country.
The 38-year-old, who was convicted on two counts of fraud in 2012 after his unauthorised trading lost the Swiss banking giant £1.8bn, was denied permission to proceed with a judicial review today.
Adoboli has three days to find another route of appeal before his deportation to Ghana is confirmed.
Today's decision is likely to be one of the final twists in a lengthy battle between Adoboli’s legal team and the Home Office, which has tried to send the ex-investment manager back to his birth country on the grounds that he is a foreign criminal.
Nick Hopewell-Smith, one of the lawyers acting on behalf of Adoboli, said that while more ways to appeal the ruling were being considered, the situation looked “very bleak”.
Adoboli was released from prison in 2015 after serving around half of his seven-year sentence but immediately faced deportation to his country of birth.
Since then he has given hundreds of talks to senior managers, policy makers and students in a bid to change the culture in the banking sector.
While the former rogue trader was born in Ghana, he spent his early years living in the Middle East, before moving to the UK in 1991.