French rogue trader released: legal source

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.

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