Court frees trader accused of Société Générale fraud |
| International Herald Tribune - Mar 18, 2008 |
A French appeals court ruled Tuesday that Jérôme Kerviel, the former trader that Société Générale has blamed for nearly €4.9 billion in losses, should be released from jail while the investigation continued into whether he committed fraud.
Kerviel, 31 years old, is to be placed under judicial supervision and was forbidden to leave the region of Île de France, which includes Paris and its suburbs. Kerviel surrendered his passport to the authorities in late January.
Lawyers involved in the case said Tuesday that Kerviel had also been ordered not to contact former bank colleagues, and they said there was a list of around 25 people with whom he was barred from communicating.
Read Full Article from International Herald Tribune
- Posted: 2008-03-18 09:49:38
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