2012-10-01 — reuters.com
``The prosecution says Adoboli was a "master fraudster" who hid his activities from colleagues, while the defense argues that others were involved and that management turned a blind eye as long as the ETFs desk was making profits.
Much of Hughes's three-day grilling by defense lawyer Charles Sherrard was centered on the "umbrella", an illicit accounting device used by Adoboli to mask his true trading positions.''
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