Don't miss

Replay


LATEST SHOWS

FOCUS

Video: Far right at the gates of power in Austria

Read more

FRANCE IN FOCUS

FRANCE 24 turns 10: A look behind the scenes

Read more

EYE ON AFRICA

Gambia's Yahya Jammeh concedes defeat in presidential polls

Read more

MEDIAWATCH

Gambians herald 'new independence' after Jammeh defeat

Read more

THE WORLD THIS WEEK

Hollande, the One Term President (part 1)

Read more

THE WORLD THIS WEEK

Trump Keeps 'Em Guessing, Italian Referendum, Austrian Election, Castro's Death (part 2)

Read more

FASHION

Discovering the winter 2016/2017 men's fashion collections in Paris

Read more

ENCORE!

Rendez-vous on '42nd Street' as the meta musical comes to Paris

Read more

REPORTERS

Uzbekistan reinforces its tight grip on election and country

Read more

France

Appeals court keeps French rogue trader Kerviel in jail

© AFP

Text by NEWS WIRES

Latest update : 2014-08-01

A Frenchman convicted of one of history's biggest trading frauds was accorded a conditional release from prison - only to have freedom denied with a quick appeal by the prosecutor's office.

The prosecutor's office in Evry, south of Paris, appealed the decision on Friday shortly after a judge decided that Jerome Kerviel could be freed with an electronic bracelet.

The prosecutor's office said in a statement its appeal ``suspends the execution of the decision''. The Paris Appeals Court must rule on the case within two months.

Kerviel cost Societe Generale 4.9 billion euros ($7 billion at the time) in losses in 2008, rocking the banking world just before the financial market meltdown.

Kerviel was convicted, sentenced to three years in prison and ordered to pay back the money he lost.

(AP)

 

Date created : 2014-08-01

  • JAPAN

    Bitcoin users caught between hackers and regulators

    Read more

  • JAPAN

    Japan's biggest banks face gangster investigation

    Read more

  • European Union

    EU’s biggest states vow to fight tax evasion

    Read more

COMMENT(S)