SocGen says it won’t ask Kerviel for €4.9bn fine

first_img Tags: NULL Show Comments ▼ KCS-content SocGen says it won’t ask Kerviel for €4.9bn fine SOCIETE Générale has distanced itself from the record €4.9bn (£4.3bn) fine slapped on rogue trader-turned-national-hero Jerome Kerviel after an astonishing backlash in France.Kerviel was jailed for five years, with two suspended, for several offences including forgery. But the astronomical fine has caused indignation in his home country, solidifying sentiments that he was used as a scapegoat for the banking crisis and prompting SocGen to condemn the fine. A spokesman told a radio station: “It is out of the question to claim such a sum from one man… Do we intend to indebt Kerviel for 177,000 years, as I’ve seen written? The answer is no. We are a responsible bank.”Kerviel was free on bail last night, awaiting an appeal against the sentence. Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrapcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Share Thursday 7 October 2010 9:46 pm whatsapplast_img