French police interrogate rogue trader
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French police were set Sunday to continue questioning accused rogue trader Jerome Kerviel, who investigators said wants to explain his role in the seven billion dollar loss at Societe Generale.
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The trader alleged to have cost French Bank Societe Generale 4.9 billion euros in unauthorised financial deals was being questioned in police custody Saturday, a judicial source said.
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French bank Societe Generale faced tough  questions on Friday over how it failed to spot the biggest  rogue dealing fraud in history, in which a single young trader  triggered a $7 billion loss under the noses of top executives.
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A second trader suspected of involvement in the multi-billion dollar losses at Societe Generale bank was taken Saturday for questioning by judges.
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A senior prosecutor recommended that Daniel Bouton be questioned by judges in connection with accusations he has made about a rogue traderâs role in SociÃ©tÃ© GÃ©nÃ©raleâs  loss of billions of euros.
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A senior prosecutor recommended that Daniel Bouton be questioned by judges in connection with accusations he has made about a rogue traderâs role in SociÃ©tÃ© GÃ©nÃ©raleâs loss of billions of euros.
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French police have requested an international manhunt for a convicted terrorist who vanished in violation of his bail agreement, The Times of London reported.
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Financial police in Paris were to question a trader who caused a $7.2 billion loss at SociÃ©tÃ© GÃ©nÃ©rale, officials said.
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French bank Societe Generale ,  at the centre of a huge trading scandal, began investigating  trades executed by junior trader Jerome Kerviel months before  his unauthorized activities were exposed in January, the  Financial Times reported.
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Financial police in Paris were to question a trader who cost Franceâs SociÃ©tÃ© GÃ©nÃ©rale more than $7 billion, judicial officials said.
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A second trader suspected of involvement in the multi-billion-euro losses at Societe Generale was released Saturday after appearing before French judges probing the affair.
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The trader alleged to have cost French Bank Societe General 4.9 billion euros in unauthorised financial deals was being questioned in police custody Saturday, a judicial source said.
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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 bank Societe Generale described Sunday how one of its traders allegedly carried out a $7.2 billion (&#8364;4.9 billion) fraud, how the loss came to light and what it is doing to ensure such a case does not recur.
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French actor Gerard Depardieu is to be questioned by police investigating fraud claims against a fugitive tycoon.
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The trader accused of making fraudulent transactions that cost Societe Generale &#8364;4.9 billion ($7.2 billion) hacked computers and used "several techniques of fraud," the French banking giant says.
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The rogue futures trader who cost French bank Societe Generale $7.14 billion had been betting on a much larger scale  -  with tens of billions in fraudulent deals, the bank said Friday