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/ 24 May 2008

SocGen rogue trader may have had accomplice

Investigators at Société Générale believe that rogue trader Jérôme Kerviel was aided by an assistant who processed a large number of his transactions during the fraudulent trading spree that cost the bank â,¬4,9-billion. They suspect the accomplice of registering almost 15% of the fictitious trades used by Kerviel to disguise his suspect positions.