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New and compelling evidence has emerged to suggest that the conviction of the Société Générale’s so-called ‘rogue trader’ Jérôme Kerviel, who was jailed for his actions that were estimated to have cost the bank 4.9 billion euros, is unsound and was reached after a botched and biased investigation steered by the bank, Mediapart can reveal. The latter claimed that Kerviel’s superiors knew nothing of his reckless trades. But in a secretly-taped conversation, a senior magistrate with the Paris public prosecutor’s office involved in the case says the police officer in charge of the investigation was “entirely manipulated” by the bank, and that it was “obvious” that “the Société Générale knew” what its trader was doing. Martine Orange reports.
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