Tag Archives: kweku adoboli

Kweku Adoboli / UBS/ The week review

23 Nov

UBS weak link Kweku Adoboli, saw himself star down the barrel of a 7 stretch this week in a dock once graced by I, at Southwark Crown Court.

Having already served over  a year of his sentence, he must now while away another 2 and a half years, although come the summer he will be allowed to begin home and town leaves. Quite how devious or truly criminal he is, is a topic that has been left in the calm, hysteria free hands of the  The Sun, The Mirror and the Daily Mail.

For many outside of the City of London, this was one of a number of obvious calamities still being committed by the arrogant swaggering bowler hat types.

Is Kweku really a criminal in the true caricature style we associate them with? His swag bag seemed a little empty for a man who is accused of a £1.4 billion fraud; for this isn’t a fraud with the intention to steal £1.4 billion, merely corporate financial manslaughter, where a sledgehammer was being used to crack nuts. What does 7 years buy you in other walks of life?

7 years is the average total sentence of Rapists in the UK.

7 years allows you to kill a man driving dangerously with intent.

7 years allows you to stab a man in the neck with a bottle for GBH.

Kweku will serve 7 years for doing his job badly in an environment where blind eyes were turned when the money came in.

Perhaps those blind eyes should too be punished, for creating the conditions and culture where deceit, and smokes and mirrors are employed.

As is likely, UBS will see no more criminal imprisonments amongst their staff. They will pay large fines and duck down below the parapet again for a number of years, before the next cataclysmic economic asteroid rocks the financial capitals of the World; where they hope their mistakes are the least and they can join the queue without making regulatory eye contact.

In the meantime Kweku will don the green trousers of a prison orderly, tamed –  for now.

I walk the streets of London once again, but these days my attire is a little more blue collar. My hands have paint and the callouses upon my palms are no more a Cityboy’s than they are a writer’s. Time moves every bit as fast once more, I wish I had some time to stop and reflect upon my life. A one year sabbatical seems a nice idea again 🙂