E-Paper
Police raid HQ of bank in French rogue trader scandal
Police on Friday raided the Paris headquarters of Societe Generale, which is accusing a rogue trader of losing more than 7.0 billion dollars (4.9 billion euros), the French banking giant said.
Updated on: Jan 26, 2008, 16:40:01 IST
Share via
Copy link
Police on Friday raided the Paris headquarters of Societe Generale, which is accusing a rogue trader of losing more than 7.0 billion dollars (4.9 billion euros), the French banking giant said.
"Raids took place yesterday evening," a bank spokesman told AFP without giving details.
The chief objective of the raids was to seize the computer files of the rogue trader Jerome Kerviel who the bank has accused of fraud, a source close to the investigation said.
On Friday afternoon police also raided an apartment where Kerviel lived in a building in the western suburb of Neuilly, witnesses told AFP.
Get the latest World News, breaking headlines and global updates from the US, UK, Pakistan, Bangladesh, Russia and other countries. Follow major international events on Hindustan Times.
