French court sentences Kerviel to 5 yrs in prison
PARIS |
PARIS Oct 5 (Reuters) - Former Societe Generale (SOGN.PA) trader Jerome Kerviel was sentenced on Tuesday to 5 years in prison, including two years suspended, for his role in a trading scandal that cost the bank close to 5 billion euros ($7 billion).
A Paris court also ordered 33-year-old Kerviel to reimburse the French bank 4.9 billion euros lost in unauthorised trades which brought Socgen to the brink of collapse in 2008. ($1=.7296 Euro) (Reporting by Lionel Laurent; Editing by James Regan)
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