The police commander in charge of the Société Générale losses the survey in early 2008 reported at a recent hearing in court, elements which establish that several bank executives were aware of the actions of the former trader Jerome Kerviel, the site Mediapart reported on Sunday.
According to the information site, Nathalie Le Roy was heard early April by the judge Roger Le Loire instruction as part of the judicial inquiry opened in June 2014 for “scam judgment”, “fake” and “forgery”.
She who was then commander of Police in the financial police was mentioned on this occasion, the testimony of a former employee of the bank.
Operating entity within the “operational risks”, he assured the investigator that “activity of Jerome Kerviel was known” and said they alerted in April 2007, Claire Dumas, deputy director of operational risks, and other through e-mail “with a skull to get their attention.”
After asking the extraction of employee e-mails and found the famous message was not there, Ms. Le Roy sought exchanges between Ms. Dumas and the employee by e-mail, by way of a legal requisition which would have remained a dead letter.
“On the occasion of various hearings and the various documents I have had hands, I felt confident then that the hierarchy of Jerome Kerviel could not ignore the positions taken by the latter, “ was quoted Ms. Le Roy, according Mediapart.
When their positions were discovered in January 2008, Kerviel had exposed the bank at 50 billion euros.
Société Générale has always affirmed that by clearing these positions as quickly as possible to avoid the risk of bankruptcy, it had recorded a loss of 6.3 billion euros, which was deducted from the gain of 1.4 billion directed by Jérôme Kerviel in 2007.
The former trader was sentenced by the Paris Correctional Court and the Court of Appeal which upheld the sentence to 5 years’ imprisonment, three farm for breach of trust, computer manipulation, forgery and use of false.
In mid-March 2014, the Supreme Court issued this final criminal conviction but overturned the civil aspect of the decision, which allocated 4.9 billion euros in damages to the bank .
A new civil trial be held from 20 to 22 January 2016 to establish the division of responsibilities in this loss, the bank has acknowledged having failed in terms of controls.
Contacted by AFP, the council of Jerome Kerviel, Mr. David Koubbi, could not be reached immediately.
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