Monday 19 May 2014

Rogue trader Jerome Kerviel held in France to face jail


From BBC

“Convicted rogue trader Jerome Kerviel has been arrested on returning to France, where he faces a prison term for forgery and breach of trust.

Kerviel, 37, caused his bank, Societe Generale, losses of 4.9bn euros (£4.1bn; $6.7bn) in 2008.

He was detained by police after crossing the border on foot from Italy, just ahead of a midnight deadline.

The French presidency has not responded to his request to grant immunity to witnesses who could testify for him.”

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