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Rogue trader Jerome Kerviel held in France to face jail | Rogue trader Jerome Kerviel held in France to face jail |
(about 4 hours later) | |
Convicted rogue trader Jerome Kerviel has been arrested on returning to France, where he faces a prison term for forgery and breach of trust. | 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. | 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. | 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. | The French presidency has not responded to his request to grant immunity to witnesses who could testify for him. |
"I've never been on the run, I've always fulfilled my responsibilities," he told reporters as he left the Italian border town of Ventimiglia on foot. | "I've never been on the run, I've always fulfilled my responsibilities," he told reporters as he left the Italian border town of Ventimiglia on foot. |
He was arrested in the French border town of Menton and is now due to start a three-year prison term. | |
Kerviel always maintained that Societe Generale knew what he was doing but turned a blind eye. But in 2010 he was found guilty of forgery, unauthorised computer use and breach of trust. | Kerviel always maintained that Societe Generale knew what he was doing but turned a blind eye. But in 2010 he was found guilty of forgery, unauthorised computer use and breach of trust. |
He spent the last two months walking from Rome to highlight his situation. | He spent the last two months walking from Rome to highlight his situation. |
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