Adoboli confided in co-workers, court told Kweku Adoboli told three of his co-workers at UBS that he "could not see a way out of these positions" just hours before he sent a "bombshell email" to superiors revealing multi-billion dollar lossmaking trades, a jury heard on Monday. Charles Sherrard, defence counsel for Mr Adoboli who was cross examining co-worker John Hughes, said that there was a meeting of the four men working on the bank's Exchange Traded Funds desk at All Bar One near Liverpool Street on the night of September 12. Mr Sherrard put it to Mr Hughes that Mr Adoboli had told the four men: "What do you want me to do or words to that effect. He offered he could go himself and speak with management or you could all go together. Three of you gallantly suggested he should go by himself - you told him you would disown him and used exactly that word," Mr Sherrard told Mr Hughes. The former UBS trader denied this and said he could not remember such a meeting in All Bar One. Prosecutors allege that Mr Adoboli caused a loss of $2.3bn at UBS by inventing fictitious trades and using a secret account dubbed "umbrella." Mr Adoboli denies two charges of fraud by abuse of position and two of false accounting. Mr Sherrard read to the jury a message sent by Mr Adoboli on his iPhone to his girlfriend later after 8pm on September 12 which stated: "I'm a little upset because the boys have sold me down the river ..." Mr Hughes told the court that by not reporting the existence of the "umbrella" to his manager John DiBacco to whom he was reporting the profit and loss account most days, he was "lying every day." The prosecution have alleged the "umbrella" was a slush fund used by Mr Adoboli to slide profits into the profit and loss account. Mr Hughes was asked by Mr Sherrard: "Do you accept you fully understood and participated in methods by which profits in the umbrella were accrued?" Mr Hughes replied: "I think I have to, given the evidence." Mr Sherrard replied: "That's very big of you - it's taken you a year to get to this point." Mr Hughes replied: "I do not remember every trade." The jury was also read a chat between John Bennie, a senior UBS trader who left the bank in May this year and Mr Hughes on August 16 last year. In it Mr Bennie talked about client positions that Mr Hughes said "were not even visible to the rest of the floor." Mr Bennie replied in the chat messages read to the jury: "So the muppets think everything is zero whilst the experts trade." Mr Hughes told the court the "muppets" referred to UBS management. The trial continues.