Former UBS trader Kweku Adoboli denied bail as deportation order reconsidered
Former UBS rogue trader Kweku Adoboli has been denied bail and will remain in a detention centre while his deportation order is reconsidered.
The 38-year-old was spared deportation just hours before his scheduled flight to his birth country, Ghana, last week after a legal intervention triggered a judicial review.
But Adoboli's application for bail, during a process which could take months, was denied by a judge on Tuesday at Hatton Cross Tribunal Centre.
Read more: Former UBS trader Kweku Adoboli spared deportation hours before flight
It is understood the Home Office want to expedite the process and consider Adoboli a flight risk.
Adoboli was convicted on two counts of fraud in 2012 after his unauthorised trading lost the Swiss banking giant £1.8bn – and in 2014 the Home Office issued him with a deportation order on the grounds that he was a foreign criminal.
He was released from prison in 2015 after serving around half of his seven-year sentence.
Read more: Former UBS trader Kweku Adoboli detained ahead of deportation to Ghana
Earlier this month Adoboli, who left Ghana when he was four, was detained in Livingston where he lives.
After several failed appeals and applications for judicial review, his legal team lodged one final plea last week, which was successful.