Media scrum at 'rogue trader' trial

French "rogue trader" Jerome Kerviel goes on trial over multi-billion dollar bank loss.

    The trial of Jerome Kerviel, the alleged "rogue trader" who is accused of unauthorised deals that cost Societe Generale, the French bank, $5.85bn has started in Paris.

    Kerviel, 33, became the face of the global financial crisis after he was blamed for what is considered to be the biggest ever trading-room-floor loss in 2008.

    The former trader, who faces a maximum sentence of five years in prison and a fine of $450,000, was met by a media scrum when arrived at court in the French capital. 

    Barbara Serra reports from Paris.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Zimbabwe military's statement after seizing power

    Zimbabwe military's statement after seizing power

    Major General SB Moyo addresses the nation after Zimbabwe's military seizes state TV, blocks off government offices.

    The Muslims of South Korea

    The Muslims of South Korea

    The number of Muslims in South Korea is estimated to be around 100,000, including foreigners.

    Aamir Khan: The Snake Charmer

    Aamir Khan: The Snake Charmer

    Can Aamir Khan create lasting change in Indian society or is he just another Bollywood star playing the role of a hero?