Trader 'sorry beyond words' as he faces further fraud charge

(REUTERS)

The "rogue trader" accused of losing £1.5bn appeared in court yesterday to face a further charge of fraud. Kweku Adoboli, 31, has already been charged with two counts of false accounting and one of fraud after he was arrested last week in the offices of the UBS. Mr Adoboli's lawyer Patrick Gibbs QC said: "He is sorry beyond words for what has happened. He stands appalled at the scale of the consequences of his disastrous miscalculations."

The trader spoke only to confirm his name and address at City of London magistrates' court. Chief magistrate Alison Gowman said Mr Adoboli will appear on 20 October for a committal hearing.