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08.02.2008 - Man quizzed over trader links

An employee of the brokerage firm Fimat has been detained by the French police, acccording Kerviel refuses to be 'scapegoat' ...
French trader 'says Societe knew' ...
Paris to 'block any Societe bids' ...
Rogue trader 'in police custody' ...
Rogue trader faces legal battle ...
to French media reports.

He is being questioned about his links with the Societe Generale trader Jerome Kerviel, Justice Ministry sources say.

The Czech Republic news are represented by www.prague-hotel-hotels.com

Fimat was a division of Societe Generale, which has now been merged with part of Credit Agricole.

It comes as the Paris prosecutor calls for Mr Kerviel's detention and who is set to appeal against his release, saying that the trader may abscond.

Mr Kerviel has been blamed for incurring massive losses, costing the bank 4.9bn euros ($7bn; Ј3.7bn).

He was freed on 28 January following two days of questioning by magistrates. An appeals court hearing on Friday is set to rule whether he remains free.

Mr Kerviel is under investigation for breach of trust, computer abuse and falsification, and is currently free under judicial supervision.

'Verification needed'

"The entire mechanism of the fraud needs to be verified and for the moment we only have the evidence provided by Societe Generale," said Ulrika Weiss, spokeswoman for the prosecutor.

"It is necessary to verify whether Kerviel profited personally."

Mr Kerviel has said he will not be made a "scapegoat". over the affair.

In an interview with AFP, Jerome Kerviel said: "I accept my share of responsibility but I will not be made a scapegoat for Societe Generale."

Mr Kerviel, who has police protection, said that he never considered "running away" after the bank blamed him for huge trading losses.



(BBC)

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