This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7234191.stm
The article has changed 6 times. There is an RSS feed of changes available.
Version 2 | Version 3 |
---|---|
SocGen trader Kerviel is jailed | SocGen trader Kerviel is jailed |
(9 minutes later) | |
A Paris court has ordered the Societe Generale trader Jerome Kerviel to be jailed while massive losses at the bank are being investigated. | |
The Paris prosecutor had argued the trader might abscond if he would be allowed to remain free. | |
Earlier, French media reported that an employee of the brokerage firm Fimat - owned by Societe Generale - had also been detained by French police. | Earlier, French media reported that an employee of the brokerage firm Fimat - owned by Societe Generale - had also been detained by French police. |
The man was questioned about his links to Mr Kerviel. | The man was questioned about his links to Mr Kerviel. |
Fimat was a division of Societe Generale, which was recently merged with another brokerage owned by French bank Credit Agricole. | Fimat was a division of Societe Generale, which was recently merged with another brokerage owned by French bank Credit Agricole. |
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. | He was freed on 28 January following two days of questioning by magistrates. |
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. |