Financial Times FT.com

Société Générale

Kerviel held as police detain second trader

By Peggy Hollinger, Scheherazade Daneshkhu, Martin Arnold, John O’Doherty and Ben Hall in Paris

Published: February 8 2008 11:00 | Last updated: February 8 2008 16:38

The inquiry into the biggest rogue trading scandal in financial history broadened on Friday as police investigating the alleged fraud at Société Générale brought a second trader in for questioning.

The trader, Moussa Bakir, is an employee of Newedge, a broking firm partly owned by SocGen. Police on Thursday raided the firm’s Champs Elysées offices and confiscated Mr Bakir’s computer and hard drive.

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