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PARIS, FRANCE - AN EMPLOYEE of brokerage firm Fimat is being questioned by police Friday over his links with Jerome Kerviel, the trader alleged to have incurred massive losses at French bank Societe Generale, justice officials said.
The man, who has not been named, is suspected of being aware of Kerviel's unauthorised trading at Societe Generale, Le Monde newspaper reported.
He was detained on Thursday and is being questioned at the headquarters of the financial brigade of the French police.
Many of Kerviel's transactions on the European stock market are believed to have passed via Fimat, a wholly-owned subsidiary of Societe Generale and specialises in the derivatives which Kerviel traded in.
Two days before the Societe General losses were revealed on January 24, Fimat was merged with another broker subsidiary, Calyon. The new firm is called Newedge.
The news of a possible acomplice came just ahead of an appeal court hearing Friday afternoon in which a judge will rule whether to place Kerviel in detention.
Kerviel was freed under judicial supervision on January 28 after he was charged with breach of trust and fabricating documents. However the state prosecutor has appealed against his release. -- AFP
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