Erome Kerviel demand his release, hearing on March 14
Incarcerated since February 8 in Paris, the trader of the General Society Kerviel Jerome, which is charged record a loss of 4.9 billion euros, requested his release, it was learned from the prosecutor general in Paris.
This request will be reviewed next March 14 by the Board of the direction of the Court of Appeal of Paris. The submissions of the prosecutor general has not been provided in the immediate future.
Set examination on January 28 for "forgery, use of forgery, breach of trust and introduction into a system of automated processing of data," Jerome Kerviel was left initially been released under judicial supervision by judges Renaud Van Ruymbeke and Francoise Desset.
The prosecution appealed and the Board of instruction followed his request on February 8, citing the need to protect the investigation, the risk of absconding abroad, pressure on witnesses and consultation with ' any accomplices or co-sponsors.
The suspect, imprisoned for Health in Paris, was heard four times by the judges since the beginning of the investigation, which did not allow for the time to uncover other possible criminal responsibility or complicity.
In its latest developments, the case was more complicated than what was originally submitted by the Company.
An examination of the positions taken by the trader on futures contracts on stock indexes in Europe shows that had begun long and initially had "plunged" with a negative position of nearly 2.2 billion ' euros in June 2007.
The crisis of "subprimes" starting to fall European financial markets, positions Jerome Kerviel then increased to a credit of 500 million euros on 31 August, adds on.
At December 31, 2007, the position was passed credit of 1.4 billion euros. These positions have not remained virtual, as the General Society had originally suggested, but they have been liquidated and reported to the bank.
The manoeuvres of the trader continued, and management of the bank claims to have discovered on January 18. Liquidées between 21 and January 23, the positions have produced a total loss of 6.3 billion euros.
After subtraction of gains trader of EUR 1.4 billion has emerged the figure of a loss of 4.9 billion euros, the only finally announced by management.
Throughout these transactions, several warnings have arrived at the bank, one of the company Eurex, which did not bring his layoff. For lawyers trader, the history of the case Kerviel supports his statements to the police and judges that his superiors could not ignore its manoeuvres and closes its eyes
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