French trader put in jail

February 8, 2008 8:29:50 AM PST
A Paris court on Friday ordered French trader Jerome Kerviel to be jailed while investigations continue into massive losses at bank Societe Generale.The Paris prosecutor's office had requested that Kerviel go behind bars for fear that he would contact accomplices, if they exist.

The investigation broadened Friday, with police holding a brokerage employee who reportedly was in contact with Kerviel.

Kerviel faces preliminary charges of forgery, breach of trust and unauthorized computer activity.


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