Rogue French trader to be held in jail

A COURT yesterday ordered rogue French trader Jerome Kerviel to be held in jail while investigations continue into massive losses at his bank Societe Generale.

The Paris prosecutor’s office had asked that Mr Kerviel, who was free on bail, be put behind bars for fear that he would contact accomplices, if they exist.

The ruling came as the investigation broadened, with police holding a broker from a subsidiary firm who reportedly was in contact with Mr Kerviel as he gambled away billions of the bank’s money in stock market deals.