Ex-UBS trader Kweku Adoboli has lost his deportation appeal

kweku adoboli out of prison

Kweku Adoboli, the former UBS rogue trader, lost an appeal against deportation from the UK to Ghana.

Adoboli was sentenced to seven years in prison for fraud in 2012 relating to a trading loss of $2.3 billion (£1.4 billion) during the height of the eurozone sovereign debt crisis.

He was released after serving two-and-half years of his sentence in several different jails, including an immigrant detention centre in Kent.

The Financial Conduct Authority banned Adoboli from working in financial markets and fined UBS £30 million for the systems and controls failures that led to the losses.

While his family is from Ghana, Adoboli has lived in the UK since the age of 12 and went to school in Yorkshire.

A crowdfunding page on Fundrazer.com has been set up to help raise cash for his appeal. He's raised about £10,000 of the £75,000 goal. 

"We feel this is completely unfair and undervalues the profound lifelong relationships forged over 23 years, the reality that he has zero risk of reoffending, the very high price he has already been asked to pay, and the very real and unique positive contribution Kweku is already making to UK society," his crowdfunding page said.

The immigration tribunal said that "while he was socially and culturally integrated into the United Kingdom, his family was in Ghana" and that Mr Adoboli "had not established that there would be very significant obstacles in his reintegration into life in Ghana," according to a BBC report.

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