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Ex-SocGen trader Kerviel given three years in jail

SOCGEN-JEROME-KERVIEL-SOCIETE-GENERALE:Ex-SocGen trader Kerviel given three years in jail

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Reuters PARIS

Former Societe Generale trader Jerome Kerviel was sentenced to three years in prison at a Paris court on Wednesday and ordered to repay his former employer 4.9 billion euros.

"The appeals court...upholds the ruling," the judge told a standing Kerviel, adding that he would not go to jail immediately.

Kerviel's lawyer said he was considering a further appeal against the sentence.

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First Published: Oct 24 2012 | 5:50 PM IST

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