March 12, 2008 / 12:28 PM / 11 years ago

France confirms new arrest in SocGen scandal

The logo of French bank Societe Generale is seen at the entrance of its headquarters in La Defense, outside Paris, January 31, 2008. The Paris prosecutor's office said on Wednesday it had made a fresh arrest as part of its inquiry into trading losses at Societe Generale. REUTERS/Philippe Wojazer

PARIS (Reuters) - The Paris prosecutor’s office said on Wednesday it had made a fresh arrest as part of its inquiry into trading losses at Societe Generale.

The prosecutor’s office identified the person being held as a trader from a subsidiary of the French bank which has blamed a rogue trader for dealings that led to a 4.9 billion euros ($7.53 billion) net loss.

Reporting by Thierry Leveque, Editing by Sudip Kar-Gupta

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