Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

Chinese billionaire opens theme park to rival Disneyland

Read more

MEDIAWATCH

Hiroshima's healing hug

Read more

EYE ON AFRICA

Uganda terror trial: Five jailed for life for 2010 al Shabaab World Cup bombings

Read more

THE WORLD THIS WEEK

French labour strikes, Paris raids on Google and McDonald's (part 2)

Read more

THE WORLD THIS WEEK

Obama in Hiroshima and Austria's close call (part 1)

Read more

REPORTERS

Ukraine: Searching for missing people in Donbass

Read more

REVISITED

Video: What remains of the Gezi movement in Turkey?

Read more

FRANCE IN FOCUS

Euro 2016: France readies for kick off

Read more

ENCORE!

Anne A-R : The people beyond the numbers: A photographic manifesto from the migrant trail

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)