|
|
22 Apr 2008
Eric Cordelle, the line manager of Jérôme Kerviel, the Société Générale rogue
trader accused of losing almost €5bn (£4bn), has applied to become a civil
plaintiff in the criminal case against Kerviel, paving the way for a damages
claim under French law.
Cordelle is one of several SocGen managers facing disciplinary procedures for
failing to stop the rogue trader and he could be sacked, bringin to an end a
promising career where he was appointed as head of Mr Kerviel's desk last spring
after a four-year stint in Tokyo, The Times reports, citing Le Figaro,
the French daily.
The case might encourage other managers to follow suit if Cordelle's claim is approved.
Cordelle, a graduate of the prestigious National School of Statistics and Economic Administration, claims he was duped by fake documents produced by Kerviel to hide a series of unauthorised deals.
Further reading:
SocGen CFO takes deputy chief executive role
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment