A Paris court on Tuesday freed Jerome Kerviel, the trader accused of causing record losses at French bank Société Générale, pending investigation, his lawyers said. Société Générale unveiled €4,9-billion (,64-billion) of losses in January in the biggest trading scandal in recent history.
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/ 10 February 2008
A new court battle will be held on Monday over the detention of French rogue trader Jerome Kerviel. The decision by a Paris appeals court on Friday to back a prosecution demand that the 31-year-old trader be held in custody was the latest twist in the worst investment banking scandal in history.
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/ 29 January 2008
Accused French rogue trader Jerome Kerviel walked free after judges placed him under formal investigation on Monday for his role in $7-billion of losses at Société Générale but stopped short of charging him with fraud. Shares in the French bank took a battering as allegations emerged that a board member was guilty of insider trading related to the scandal.