Kerviel colleague gives evidence

Paris: Jerome Kerviel’s superiors at Societe Generale would have been informed about unauthorised trades by a system of alerts and limits, a former colleague told a Paris court.

Benoit Taillieu is the first witness at the trial to support assertions that Societe Generale knew what Kerviel was doing. “

They could not have been totally unaware,” said Taillieu.

Kerviel, 33, is charged with abuse of trust, faking documents and computer hacking in relation to a €4.9 billion trading loss.