French rogue trader released: legal source

Author lbostgadmin | Posted on March 18, 2008 | World

PARIS, March 18, 2008 (AFP) – A Paris court on Tuesday ordered the release of rogue trader Jerome Kerviel while investigators probe a multi-billion-dollar scandal at Societe Generale bank, a legal source said.
The 31-year-old junior trader has been in detention since February 8. Societe Generale has blamed trades made by Kerviel for mammoth losses of 4.
9 billion euros (7.1 billion dollars) incurred after the bank was forced to unwind more than 50 billion euros of Kerviel’s unauthorised deals.