综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

French bank says trader hacked computers

(Agencies)
Updated: 2008-01-28 07:03

PARIS - Societe Generale said Sunday that a trader who evaded all its controls to bet $73.5 billion - more than the French bank's market worth on European markets hacked computers and "combined several fraudulent methods" to cover his tracks, causing billions in losses.


The head of the financial section of the Paris prosecutor's office, Jean-Michel Aldebert, foreground, arrives at the Financial Police headquarters, Sunday, Jan. 27, 2008 in Paris. Aldebert said Sunday the questioning of Jerome Kerviel, a trader implicated in a massive bank fraud case, was proving 'extremely fruitful'. [Agencies] 

The bank says the trader, Jerome Kerviel, did not appear to have profited personally from the transactions and seemingly worked alone - a version reiterated Sunday by Jean-Pierre Mustier, chief executive of the bank's corporate and investment banking arm.

But, in a conference call with reporters, Mustier added: "I cannot guarantee to you 100 percent that there was no complicity."

Kerviel's lawyer said the accusations of wrongdoing against his client were being used to hide bad investments by the bank related to subprime mortgages in the United States.

"He didn't steal anything, take anything, he didn't take any profit for himself," the lawyer, Christian Charriere-Bournazel, told The Associated Press by telephone. "The suspicion on Kerviel allows the considerable losses that the bank made on subprimes to be hidden."

Officials said Kerviel was cooperating with police, who held him for a second day of questioning Sunday, seeking answers to what, if confirmed, would be the biggest-ever trading fraud by a single person.

The questioning was "going very well and the investigation led by the specialists of the financial police is extremely fruitful," said Jean-Michel Aldebert, head of the financial section of the Paris prosecutor's office.

Kerviel was giving "very interesting" explanations, Aldebert added. "From what he told me, he was fine psychologically." He refused to say whether Kerviel might face preliminary charges.

Kerviel, 31, has not been seen in public since the bank's bombshell revelation Thursday that his unauthorized trades resulted in 4.9 billion euros ($7.1 billion) in losses.

Even before his massive alleged fraud came to light, Kerviel had apparently triggered occasional alarms at Societe Generale - France's second-largest bank with his trading, but not to a degree that led managers to investigate further.

"Our controls basically identified from time to time problems with this trader's portfolio," Mustier said.

But Kerviel explained away the red flags as trading mistakes, Mustier added.

"The trade was canceled, there was no specific follow-up to do," he said. "From our understanding today, the number of mistakes was not higher than (for) any other trader, so from our understanding that was not a reason to ring a bell."

Kerviel's lawyer said the trader made money for the bank through 2007 and has since been "thrown to the wolves of public opinion."

   1 2 3   


Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
广宁县| 宁阳县| 宁河县| 大姚县| 三都| 五峰| 措勤县| 扶余县| 阿拉善盟| 保亭| 山阴县| 贞丰县| 靖江市| 桓仁| 策勒县| 利辛县| 托里县| 东至县| 高安市| 团风县| 东兰县| 吕梁市| 闽侯县| 霍山县| 黄浦区| 车险| 崇明县| 天气| 富顺县| 昭苏县| 长沙县| 白沙| 进贤县| 澄江县| 永安市| 阜宁县| 林西县| 米易县| 新密市| 绿春县| 工布江达县|