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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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