Paris broker in court in SocGen trading case
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A Paris broker was due to appear before  an investigating judge on Saturday as part of a widening probe  into the rogue trading scandal at French bank Societe Generale  , sources close to the inquiry said.
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PARIS -- French police were holding a second person for questioning about the loss of billions at bank Societe Generale, a judicial official said Friday.
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The lawyer of French rogue trader Jerome Kerviel filed a high court appeal Wednesday to seek his release from custody while investigators probe multi-billion-euro losses at Societe Generale, a judicial official said.
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French investigators have questioned several executives at Societe Generale as part of a probe into the futures trader that the bank has blamed for billions of euros (dollars) in losses, a judicial official said Sunday.
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French police widened an investigation into a trading scandal at Societe Generale  as a court prepared to rule on Friday whether Jerome Kerviel, the trader blamed for huge losses, should be held in custody.
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A French lawyer acting for 100 small shareholders said on Monday he had sued French Societe Generale  over the way it unbundled billions of dollars in allegedly fraudulent share deals earlier this week.
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French bank Societe Generale loses billions of dollars through fraud by one of its Paris-based traders.
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Exchange officials warned Societe Generale about rogue trader Jerome Kerviel's deals late last year, a Paris prosecutor said, piling pressure on the French bank to explain why his trades were not discovered sooner.
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A prosecutor calls for the detention of Jerome Kerviel, at the centre of the SocGen rogue trader investigation.
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The trader blamed for a $7 billion fraud at French bank Societe Generale is not on the run and will be questioned by police at an appropriate moment, the Paris prosecutors' office said on Saturday.
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French broker Credit Lyonnais Rouse was accused in a London court of dishonestly assisting, or turning a blind eye to, the activities of rogue trader Yasuo Hamanaka, who racked up losses of 2.6 billion dollars at his former employer, Sumitomo Corp.
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Exchange officials warned Societe Generale about Jerome Kerviel's deals late last year, a Paris prosecutor said on Monday, piling pressure on the French bank to explain how the junior trader almost brought it down.
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The junior trader blamed for causing a $7  billion loss at French bank Societe Generale faced a second day  of questioning by finance police on Sunday.
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The trader blamed for a $7 billion fraud  at French bank Societe Generale  is not on the run and  will be questioned at an appropriate moment, the Paris  prosecutors' office said on Saturday.
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French police on Friday questioned a share broker over links to rogue trader Jerome Kerviel, whose 4.8 billion euro (7.1 billion dollar) losses nearly brought Societe Generale bank to its knees, justice officials said.
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French bank Societe Generale said Friday that the rogue trader who cost the bank $7.14 billion had been trading with a far bigger pool Â tens of billions of dollars.
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French police on Saturday detained accused rogue trader Jerome Kerviel and investigators said the junior dealer wanted to explain his role in the seven billion dollar loss at Societe Generale.