18:36, 28 January 2008 Page views 442 views

Plunder of the century – is it just an attempt of Societe Generale to conceal its losses?

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As Jean-Michel Aldeber, Chief of the Financial Crimes Division of the Parisian Public Prosecutor’s Office, informed the French mass-media, on Saturday, January 26, 2008, Jerome Kerviel, the trader, whom the management of Societe Generale had accused of causing damage to the total sum of €4.9 billion, unexpectedly surrendered to the police and expressed his readiness to cooperate with the investigatory powers.

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