Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

Gaza: A Truce At All Costs?

Read more

AFRICA NEWS

Central African Republic: Brazzaville ceasefire talks deliver fragile deal

Read more

FOCUS

Sluggish tourist season in Crimea

Read more

ENCORE!

Bartabas : Mixing Christ with Spanish music and dancing horses

Read more

IN THE PAPERS

Shifts in the propaganda war waged between Israelis and Palestinians

Read more

IN THE PAPERS

French MPs face quandary in pro-Palestinian rallies

Read more

THE INTERVIEW

Yezid Sayigh, Senior Associate at the Carnegie Middle East Center in Beirut

Read more

#TECH 24

Mind the Gender Gap : getting more women into the tech sector

Read more

INSIDE THE AMERICAS

Bolivian children: heading to work aged 10

Read more

  • France says missing Algerian plane 'probably crashed'

    Read more

  • 51 French nationals aboard missing Algerian plane

    Read more

  • Deadly strike on UN shelter in Gaza Strip

    Read more

  • Pope meets with Sudanese Christian woman sentenced to death for apostasy

    Read more

  • Algerian jet vanishes: 'We should eliminate the missile hypothesis'

    Read more

  • Italy’s Nibali cruises to easy victory in 18th stage of Tour de France

    Read more

  • Iraqi parliament elects moderate Kurd as president

    Read more

  • US, European aviation agencies lift travel restrictions to Tel Aviv

    Read more

  • No end to fighting until Israel ends Gaza blockade, Hamas says

    Read more

  • Two foreign women shot dead in western Afghanistan

    Read more

  • At least 60 killed in attack on prison convoy near Baghdad

    Read more

  • Cycling is ‘winning the war on doping,’ says expert

    Read more

  • Ceasefire agreed for Central African Republic

    Read more

  • Can Jew-kissing-Arab selfie give peace a viral chance?

    Read more

  • Botched Arizona execution takes nearly two hours

    Read more

Jerome Kerviel trades banking for computing

Latest update : 2008-04-24

Societe Generale's rogue trader Jerome Kerviel, accused of causing losses of 4.9 billion euros (7.1 billion dollars) at his former bank, has clinched a new computer expert job.

French rogue trader Jerome Kerviel, accused of causing losses of 4.9 billion euros (7.1 billion dollars) at Societe Generale bank, has taken up a new job as a computer expert, his employer said Thursday.
  
"Jerome Kerviel has been working as a consultant since the start of April,"  said Jean-Raymond Lemaire, owner of the Paris-based computing firm LCA, who had helped the trader find a place to live after he was first charged in the case.
  
The 31-year-old Kerviel was released on bail on March 18 while investigators probe his role in the biggest bank trading scam in history.
  
Societe Generale blames the junior trader for mammoth losses incurred after it was forced to unwind more than 50 billion euros of unauthorised deals he is said to have made.
  
Kerviel is under strict orders to avoid all places where financial trading takes place, to present himself to police once a week and once a month to show police proof of where he is living, the prosecutor's office said.
  
The trader turned himself into police on January 26, two days after the bank revealed the losses, and on January 28 was charged with breach of trust, fabricating documents and illegally accessing computers.
  
If found guilty of breach of trust, Kerviel would face a maximum sentence of three years in prison and a fine of 370,000 euros.
  

Date created : 2008-04-24

COMMENT(S)