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'Rogue trader' assistant probed | |
(about 11 hours later) | |
Jerome Kerviel's assistant has become the second person to be probed in the Societe Generale rogue trader scandal. | |
Thomas Mougard has been placed under formal investigation for complicity in introducing fraudulent data into a computer system, say officials. | |
This gives judges time to pursue the investigation, but will not necessarily lead to a trial. | |
Societe Generale alleges Mr Kerviel lost 4.9bn euros ($7.6bn; £3.9bn) making unauthorised trades. | Societe Generale alleges Mr Kerviel lost 4.9bn euros ($7.6bn; £3.9bn) making unauthorised trades. |
An internal report by SocGen found "signs of internal complicity' by Mr Kerviel's assistant. | An internal report by SocGen found "signs of internal complicity' by Mr Kerviel's assistant. |
Mr Kerviel himself is currently free on bail and is under investigation for breach of trust, computer abuse and falsification. | Mr Kerviel himself is currently free on bail and is under investigation for breach of trust, computer abuse and falsification. |
He has denied doing anything wrong and claims that the bank knew what he was doing but was happy as long as he was making money. | He has denied doing anything wrong and claims that the bank knew what he was doing but was happy as long as he was making money. |
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