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French Court Places Trader in Detention

Topix - Business News  Sun, 02/10/2008 - 14:32

"We are cooperating closely with police"

A Paris court sent French trader Jerome Kerviel behind bars Friday, while the investigation into billions of euros (dollars) of losses he allegedly caused for bank Societe Generale took a new twist with a second employee taken into custody.

Investigators want to know whether Kerviel acted alone, and if so, how it was that a brokerage employee sent him a message before the scandal broke, saying: 'You have done nothing illegal in terms of the law.'