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Rogue trader to Renaissance man: Kerviel refuses to leave Italy

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Rogue trader to Renaissance man: Kerviel refuses to leave Italy

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Rogue trader Jerome Kerviel who faces a three-year jail sentence has refused to return to France unless his appeal to the president is answered.

The 37-year-old who caused losses to Societe General bank of 4.9 billion euros arrived at the French-Italian border following a month-long pilgrimage after meeting the Pope. Kerviel is expected to turn himself in by Sunday night or be considered a fugitive.

Just metres from the French border he told assembled members of the media:

“I ask François Hollande for immunity for the witnesses so that they can speak freely and talk about all the malfunctions that happened in this case. I’ll be waiting for his answer on the Italian side of the border. If they want to come and get me, they can.”

The Elysee said it would deal with the request via the standard procedure.

Judged solely responsible for the bank’s losses in 2008, he argues the Societe General was aware of his risky trades. A charge the bank denies.