Accordomg to Bloomberg Kweku Adoboli, the trader accused of costing UBS AG (UBSN) $2.3 billion by making unauthorized trades, will go before a London judge and may enter a plea before his case is transferred to a higher criminal court.
The 31-year-old will today make his third appearance at a London magistrates court, which handles the charging of suspects. Adoboli’s case is scheduled to be transferred today to a Crown Court, which handles more complex criminal trials. He may enter a plea at today’s hearing or indicate how he intends to plead once the case is transferred.
Read more at http://www.bloomberg.com/news/2011-10-19/ubs-trader-may-enter-plea-in-u-k-court-hearing-on-2-3-billion-fraud-case.html
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