Kerviel's boss had no experience to spot fraud-paper
PARIS, June 4 (Reuters) - The boss of Societe Generale (SOGN.PA) rogue trader Jerome Kerviel said on Wednesday he did not have the proper experience to suspect a possible fraud.
Eric Cordelle was Kerviel's direct supervisor between April 1, 2007 and January 2008.
"I think an experienced desk chief could probably have spotted Jerome's frauds. I am a financial engineer, I am not a trader," Cordelle told French daily Le Figaro.
"I had management experience, not trading experience, I had no road map, no training, no information."
Cordelle said he had received a letter terminating his services last month, after more than 12 years at SocGen.
In January, SocGen unveiled 4.9 billion euros ($7.64 billion) in trading losses which it blamed on unauthorised trading bets by Kerviel.
Kerviel was freed from prison in March after an appeal against his detention, but he remains under formal investigation for breach of trust, computer abuse and falsification. He has said the bank must have been aware of his trading activities.
SocGen has published two internal reports on its own investigations into how Kerviel managed to bypass risk controls to build up a trading position worth 49 billion euros. Its second report blamed weak supervision and poor control systems. (Reporting by Dominique Vidalon; editing by Sue Thomas)
