Friday, February 8, 2008

FT.com / Mergermarket - Kerviel held as police detain second trader

Rogue Trader - Kerviel detained w/second trader



The trader, Moussa Bakir, is an employee of Newedge, a broking firm partly owned by SocGen. Police on Thursday raided the firm’s Champs Elysées offices and confiscated Mr Bakir’s computer and hard drive.

Also Friday Jérôme Kerviel, the man accused of building up unauthorised positions on three European markets totalling €50bn, was taken into custody when a judge ruled he should be held in prison while the investigation continues.



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