Four years in prison need against Kerviel
Five years in prison, four of which were required firm Thursday against the former Societe Generale trader Jerome Kerviel, held from June 8 before a court in Paris in early 2008 for causing a historic loss of 4.9 billion euros.
The maximum incurred was five years in prison and 375,000 euro fine for abuse of trust, forgery and using false and fraudulent introduction of data into an automated system.
In their indictment, the two representatives of the Crown have shown they believe that the three offenses were clearly established. For the prosecution, Jerome Kerviel, 33, is "a professional fraud", "overtrained", "cynical", having developed a "system organized, methodical, continuous" for "betraying the trust" of the bank and its employees."Not the criminalization of breach of trust also has to its name," said Jean-Michel Aldebert, head of the financial section of the floor.
"Your court judge for what he is: a manipulative, a cheater and a liar," which caused "global trauma," said Jean-Michel Aldebert, saying that "it is to stop the discredit upon the banks "and that" it is in the public order, economic and financial ".
The bank accuses Kerviel have unwittingly taken for tens of billions of dollars of speculative positions in financial markets, which resulted in a loss of 4.9 billion euros in January 2008.
(With AFP)
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