01/26/2008
A trader blamed by French bank Societe Generale for a massive fraud was taken into custody in Paris on Saturday, judicial officials said.
Financial police in Paris were to question Jerome Kerviel as part of a probe into Societe Generale's announcement on Thursday that the 31-year-old trader was behind a fraud costing the bank 7.14 (B) billion US dollars, judicial officials said.
They were speaking on condition of anonymity because the investigation was ongoing.
Police already conducted a search of Kerviel's apartment in the Paris suburb of Neuilly-sur-Seine.
On Friday night, they also went to the bank's headquarters, where they were provided with documents relating to the investigation, officials said.
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