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Kerviel lawyer accuses SocGen


Kerviel lawyer accuses SocGen


The lawyer for French rogue trader Jerome Kerviel is accusing his former employer, Societe Generale, of illegally trying to recover some of its losses.

Kerviel was sentenced last week to three years in prison and ordered to pay back the 4.9 billion euros that his trades cost the bank.

But his lawyer has pointed out that – because of that loss – Societe Generale received a one point seven billion euro tax right-off.

Kerviel’s lawyer Olivier Metzner argues it should not have received the rebate.

In a radio interview he said: “I am very seriously thinking of lodging a complaint against Societe Generale for fraud, because you’re not allowed to go before a court and ask for a sum you’ve already received.”

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