-Adoboli is a former UBS banker who served jail time for losing 2.3 billion dollars of his company’s funds in “unauthorized trades” in 2011
- Kweku Adoboli says he never described deportation to his home country, Ghana as being worse than jail in the UK
Former UBS banker Kweku Adoboli has denied reports that he said deportation to Ghana is worse than serving a jail sentence in the UK.
The embattled banker was jailed in the UK for engaging in fraudulent activities which cost the bank a whopping $2.3 billion.
Adoboli was accused of using the company’s funds for “unauthorized trades” in 2011, leading to his incarceration.
The 38-year-old was initially earmarked to be deported to his home country on Tuesday, before the deportation was put on hold after an appeal by his lawyers was upheld by a court.
However, the Ghanaian came in for strong criticised from social media users after he was reported to have said that being deported to Ghana is worse than serving a jail sentence in the UK.
“I’ve served my time, but I’m being given an extra punishment – a banishment – and just because I didn’t get around to becoming a citizen. This punishment is so much worse than being in prison,” Adoboli was quoted as saying by the Guardian.
But speaking to Joy News, the embattled banker said his comments were taken out of context.
According to him, the publication was culled from an interview he had granted the BBC in which he said banishment is a punishment much worse than being in prison.
Asked why he never applied for British citizenship for the over two decades that he schooled and eventually worked there, Kweku explained that UBS' immigration lawyers advised him to pursue the work permit route even though he was eligible for naturalization as long ago as 2002.
In 2009, required to travel for his employer at short notice, he says he was unable to submit his Ghana passport for UK citizenship due to the usual delays at the UK passport office, sometimes for as long as nine months.
The pressures of managing a $50bln book with just one other employee did not abate before the loss of 2011. Kweku also said he did not think that it would have made a difference, explaining that he took responsibility because of his Ghanaian upbringing, which taught him to accept responsibility for his actions and inactions, no matter the consequences.
Under UK law, foreign nationals sentenced to more than four years in jail are to be deported to their home countries “unless there are very compelling circumstances”.
Mr. Adoboli says though he loves being a Ghanaian, he’s grown up to know many friends and associates in the UK and so can’t just let go like that “at the drop of a hat”. He says it will be a violent act if one part of his identity is destroyed and he is made to choose between being a Ghanaian and being resident in Britain.
Adoboli is currently being detained at Harmondsworth Immigration Removal Center, near Heathrow, as he awaits the outcome of his deportation case.
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