...

Prosecutor: Trader facing charges

Business Materials 28 January 2008 16:10 (UTC +04:00)

( AP ) - The French trader accused by Societe Generale bank of causing the biggest trading fraud by a single person could face preliminary charges of forgery, breach of trust and fraud, a Paris prosecutor said Monday.

The prosecutor, Jean-Claude Marin, also for the first time gave an inkling of what motivated the trader, Jerome Kerviel. He said the 31-year-old did not seek personal profit but wanted to be "an exceptional trader."

Latest

Latest