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French 'rogue trader' Jerome Kerviel to be freed from prison after just 150 days

Published on Sep 4, 2014 9:01 PM
 
French rogue trader Jerome Kerviel arriving at Paris courthouse to attend his appeal hearing of a 2010 conviction for costing bank Societe Generale billions of euros on June 27, 2012. -- PHOTO: AFP

PARIS (AFP) - Jerome Kerviel, the rogue trader imprisoned after losing nearly 5 billion euros (S$8.22 billion) through risky bets at French bank Societe Generale, will be freed next week, his lawyer said Thursday.

The Paris appeals court said Kerviel, 37, can be released from Fleury Merogis prison just south of the capital and placed under supervision with an electronic bracelet.

"He will leave Fleury Merogis on Monday and he will resume a completely normal life," his lawyer David Koubbi said after the appeals court decision.

The ruling means Kerviel will have spent just under than 150 days behind bars.

 
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