Former Societe Generale trader Jerome Kerviel to stand trial

Published: 11:17PM BST 31 Aug 2009

Former Societe Generale trader Jerome Kerviel is to stand trial over accusations
that he cost the bank 4.9bn euro (£4.3bn) in trading losses as a result
of allegedly rogue, risky transactions.

The case of Mr Kerviel, who has claimed that superiors knew of his trades and
turned a blind eye while he was making profits for the bank, has been sent
to trial in Paris by investigating judges.

No specific date has been set, but the trial is not expected until early 2010.

Mr Kerviel, whose life is the inspiration behind a new play to open in the
French city of Nice later this month, is charged with forgery, breach of
trust and unauthorised computer use.