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Man questioned over Kerviel links | Man questioned over Kerviel links |
(about 4 hours later) | |
An employee of the brokerage firm Fimat has been detained by the French police, acccording to French media reports. | An employee of the brokerage firm Fimat has been detained by the French police, acccording to French media reports. |
He is being questioned about his links with the Societe Generale trader Jerome Kerviel, Justice Ministry sources say. | He is being questioned about his links with the Societe Generale trader Jerome Kerviel, Justice Ministry sources say. |
Fimat was a division of Societe Generale, which has now been merged with part of Credit Agricole. | Fimat was a division of Societe Generale, which has now been merged with part of Credit Agricole. |
The Paris prosecutor has called for Mr Kerviel's detention, claiming that the trader may abscond if he is allowed to remain free. | |
Mr Kerviel has been blamed for incurring massive losses, costing the bank 4.9bn euros ($7bn; £3.7bn). | Mr Kerviel has been blamed for incurring massive losses, costing the bank 4.9bn euros ($7bn; £3.7bn). |
He was freed on 28 January following two days of questioning by magistrates. An appeals court hearing on Friday is set to rule whether he remains free. | He was freed on 28 January following two days of questioning by magistrates. An appeals court hearing on Friday is set to rule whether he remains free. |
Mr Kerviel is under investigation for breach of trust, computer abuse and falsification, and is currently free under judicial supervision. | Mr Kerviel is under investigation for breach of trust, computer abuse and falsification, and is currently free under judicial supervision. |
'Verification needed' | 'Verification needed' |
"The entire mechanism of the fraud needs to be verified and for the moment we only have the evidence provided by Societe Generale," said Ulrika Weiss, spokeswoman for the prosecutor. | "The entire mechanism of the fraud needs to be verified and for the moment we only have the evidence provided by Societe Generale," said Ulrika Weiss, spokeswoman for the prosecutor. |
"It is necessary to verify whether Kerviel profited personally." | "It is necessary to verify whether Kerviel profited personally." |
Mr Kerviel has said he will not be made a "scapegoat". over the affair. | Mr Kerviel has said he will not be made a "scapegoat". over the affair. |
In an interview with AFP, Jerome Kerviel said: "I accept my share of responsibility but I will not be made a scapegoat for Societe Generale." | In an interview with AFP, Jerome Kerviel said: "I accept my share of responsibility but I will not be made a scapegoat for Societe Generale." |
Mr Kerviel, who has police protection, said that he never considered "running away" after the bank blamed him for huge trading losses. | Mr Kerviel, who has police protection, said that he never considered "running away" after the bank blamed him for huge trading losses. |