An African convicted of Britain’s largest ever financial fraud—which involved $2.3 billion and nearly brought down Switzerland’s largest bank, UBS—is about to be deported back to his native Ghana, unless Britain’s Pakistani origin Home Secretary and former Managing Director of Deutsche Bank, Sajid Javid, changes his mind.
News of Kweku Adoboli’s pending deportation—which comes after his release after serving less than half of his seven-year sentence—and his fate being decided by a Pakistani-origin immigrant—serves as a microcosm of the raceless chaos which is enveloping the west under race-denying liberalism.
Adoboli, who was born in Ghana but “describes himself as British,” has been detained under Britiah law which says that all foreign nationals sentenced to more than four years are automatically considered for deportation “unless they can show that there are compelling reasons to allow them to stay in the country.”
According to reports, Adoboli, who has been living in Scotland with friends since his release, was detained when he made his fortnightly check-in at a police station in Livingston. He was taken to Dungavel, an immigration removal centre in Scotland.
“He has appealed to the home secretary, Sajid Javid, not to deport him because of his longstanding ties with the UK and the fact that he is working hard to educate people to avoid making the same mistakes he made at UBS,” the far left Guardian newspaper said.
His solicitor, Jacqueline McKenzie, said the case raised wider issues about the deportation of offenders who have grown up in the UK and are settled here. “This is a really unfair situation for Kweku,” she said.
A court recently denied him permission for a judicial review of the deportation proceedings, and granted a request by the Home Office to be allowed to deport him even if he renews his application for a review.
His MP, Hannah Bardell, has appealed to the Home Office to stay removal proceedings against Adoboli, but in a letter dated 24 August, Nokes wrote that the Home Office was satisfied its actions had been proportionate and that all the issues raised, such as the length of time Adoboli had lived in the UK, had been fully considered. “As such, the arrangements for Mr Adoboli’s deportation to Ghana will proceed,” she wrote.
A Home Office spokesperson said: “All foreign nationals who are given a custodial sentence will be considered for removal. Foreign nationals who abuse our hospitality by committing crimes in the UK should be in no doubt of our determination to deport them and we have removed more than 42,800 foreign offenders since 2010.
During his trial, Southwark Crown Court heard Adoboli was “a gamble or two away from destroying Switzerland’s largest bank,” and had lost the money in “unprotected, unhedged, incautious and reckless” trades.
Adoboli worked in UBS’s global synthetic equities division, buying and selling exchange traded funds (ETFs), which track stocks, bonds and commodities. The court was told that at one point he stood to lose the bank $12 billion.
In his sentencing remarks, the judge, Mr Justice Keith, told Adoboli: “Whatever the verdict of the jury you would forever have been known as the man responsible for the largest trading loss in British banking history. The fact is you are profoundly unselfconscious of your own failings….”
Det Ch Insp Perry Stokes, from the City of London Police, which investigated Adoboli, said: “This was the UK’s biggest fraud, committed by one of the most sophisticated fraudsters the City of London Police has ever come across.
“To all those around him, Kweku Adoboli appeared to be a man on the make whose career prospects and future earnings were taking off. He worked hard, looked the part and seemingly had an answer for everything.
“But behind this facade lay a trader who was running completely out of control and exposing UBS to huge financial risks on a daily basis.”
“When Adoboli’s pyramid of fictitious trades, exceeded trading limits and non-existent hedging came crashing down, the repercussions were felt in financial centres around the world.”
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