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An old dispute involving an former Credit Suisse trader claiming the Swiss bank dismissed him unfairly has finally been resolved in London—in the bank’s favour, The Telegraph reported.Asif Mohamedali, a top trader at Credit Suisse, had been fired from the bank in October 2009 when the firm found he had been trading bonds on his personal account when he was also taking orders from clients. Earlier that year in March, Mohamedali had also lost Credit Suisse £17 million on a bad trade.
But Mohamedali said his actions were the result of depression and suicidal thoughts that his superiors had known about but chosen to ignore. Mohamedali claimed that when he told his boss, Eraj Shirvani, about his problems and how they were related to work, Shirvani laughed at him and told him to expect to work longer hours, according to the Daily Mail.
Mohamedali then disputed his firing in a London employment tribunal, which was dismissed today because the tribunal determined that his misconduct was the official reason of termination and there was an overall lack of evidence of Mohamedali’s claims. From The Telegraph:
The tribunal said Mr Shirvani gave “compelling evidence” that Mr Mohamedeli never raised the subject of depression or suicide, and that he gave a “kind and generous” assessment of Mr Mohamedali in his evidence.