French court upholds jail sentence for rogue trader Jerome Kerviel

Jerome Kerviel, former trader of French bank Societe Generale, walks while carrying his backpack in Modena, northern Italy on March 19, 2014. A top French appeals court on Wednesday upheld rogue trader Jerome Kerviel's three-year jail sentence o
Jerome Kerviel, former trader of French bank Societe Generale, walks while carrying his backpack in Modena, northern Italy on March 19, 2014. A top French appeals court on Wednesday upheld rogue trader Jerome Kerviel's three-year jail sentence over high-risk trading that cost the Societe Generale bank nearly five billion euros (S$9 billion). -- PHOTO: REUTERS

PARIS (AFP) - A top French appeals court on Wednesday upheld rogue trader Jerome Kerviel's three-year jail sentence over high-risk trading that cost the Societe Generale bank nearly five billion euros (S$9 billion).

But the court cancelled the 4.9 billion euros in damages that Kerviel was ordered to pay, and referred this section of the ex-trader's sentence to another court near Paris to be re-judged.

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