French police take 'rogue trader' into custody

A trader blamed by French bank Societe Generale for a massive fraud was taken into custody today, judicial officials said.

French police take 'rogue trader' into custody

A trader blamed by French bank Societe Generale for a massive fraud was taken into custody today, judicial officials said.

Financial police in Paris were to question Jerome Kerviel as part of a probe into Societe Generale’s announcement on Thursday that the 31-year-old trader was behind a fraud costing the bank €4.9bn, judicial officials said.

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