October 5, 2010 / 9:06 AM / 7 years ago

French court sentences Kerviel to 5 yrs in prison

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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