Open

Coming up

Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

Better not get sick this Christmas!

Read more

#THE 51%

Are toys really us?

Read more

WEB NEWS

Connected toys are a must-have for Christmas

Read more

WEB NEWS

Web users react to Cuba and the US normalizing relations

Read more

REPORTERS

Argentina: The Kirchner era

Read more

AFRICA NEWS

Tunisia presidential elections: Final day of campaigning ahead of Sunday's vote

Read more

FRANCE IN FOCUS

Holiday season: celebrating a secular Christmas

Read more

ENCORE!

Child brides, the people of Syria and New York’s homeless

Read more

FOCUS

Video: Pakistan in mourning after school massacre

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)