French Officials Question New Societe Generale Trader
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PARIS — The French bank Societe Generale says another trader has been taken into custody for questioning in connection with a multibillion dollar trading scandal.
The bank confirmed that investigators searched its offices today, taking some records and detaining the employee, whose name they declined to provide. The bank called the search part of “normal proceedings” in the probe.
The French bank announced in January a lone trader, Jerome Kerviel, made unauthorized trades that cost it nearly 5 billion euros ($7 billion). Mr. Kerviel is being held in a Paris prison while the investigation continues.
