Will The Kerviel case become the Société Générale affair? This is what suggests Médiapart Sunday, May 17 in an explosive article by Martine Orange, based on the testimony of the police commander in charge of managing the case to the Financial Guard. According to the information site, this statement “me t down all the Kerviel case and could force the court to reopen the investigation and to review its judgments.”
Médiapart actually said that the record “exploded in the offices of the investigating judge Roger Le Loire”, April 9, after the testimony of the one that led the survey in 2008 and 2012. Nathalie Le Roy told the judge that she ended up having “certainty that the hierarchy of Jerome Kerviel could not ignore the positions taken by it.”
A grip investigation by Societe Generale
In Judge Le Loire, “she tells a completely grip investigation by Société Générale. The bank imposes its version, chooses the speakers but also put pressure on witnesses, refusing to respond to the requisitions when they disturb. “ Nathalie Le Roy believes that even the prosecution will stick to the version of the bank and . burying the
This version has not changed since the beginning of the affair in January 2008: the bank was the victim of a lone trader who has taken positions going Step outside the reasonable, and that cost him € 4.9 billion. When their positions were discovered in January 2008, Jerome Kerviel had exposed the bank at 50 billion euros. Société Générale has always maintained that soldant these positions as quickly or risk bankruptcy, it had recorded a loss of 6.3 billion euros, which was deducted from the gain of 1.4 billion directed by Jerome Kerviel in 2007.
Meanwhile the Defense Jérôme Kerviel has always argued that these positions were known within the bank and if he played with fire, it was not alone in his corner.
A first warning in April 2007
The one who was at the Police Commander time within the financial police mentioned during his testimony, the testimony of a former employee of the bank. Operating entity within the “operational risks”, he assured the interviewer that “Jerome activity Kerviel was known “and said they alerted in April 2007, Claire Dumas, deputy director of operational risks, and others through an email” with a skull for get their attention. “
After asking the extraction of employee e-mails and found the famous message was not there, Nathalie Le Roy sought exchanges between Claire Dumas the employee by e-mail, by way of a legal requisition which would have remained a dead letter.
Exploited by the bank
” I had the feeling of having been manipulated by Societe Generale, “he told the judge Nathalie Le Roy. Instrumentalization which is explained by the fact that the investigator discovers that time the world of finance. “I was hearing the case on 24 January 2008. This case was given to me when I had no market knowledge,” she says.
L former trader was sentenced by the Criminal Court of Paris and the Court of Appeal which upheld the sentence to 5 years’ imprisonment, three farm for breach of trust, computer manipulation, forgery and use. In mid-March 2014, the Supreme Court issued the 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.
(With AFP)
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