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Pounds 4.9bn Rogue Trader in Custody ; MONEY CRISIS 2

Pounds 4.9bn Rogue Trader in Custody ; MONEY CRISIS 2

Jan 27, 01:35 AM

THE ROGUE trader blamed by a major French bank for a massive fraud was finally taken into custody yesterday.

Police in Paris were questioning Jerome Kerviel, 31, as part of the probe into the alleged pounds 4.9billion swindle at Societe General.

Prosecutors will not question Kerviel until documents obtained from SocGen are analysed.

It was the first time since last Thursday's announcement that Kerviel's whereabouts were known, despite an extensive media hunt which sparked rumours he had fled the country.

His lawyer denied this and it is believed he had remained in Paris with his mother. Kerviel's flat in the Paris suburbs has also been searched by police.

(c) 2008 Sunday Mail; Glasgow (UK). Provided by ProQuest Information and Learning. All rights Reserved. Pounds 4.9bn Rogue Trader in Custody ; MONEY CRISIS 2
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