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PARIS - THE lawyer of Jerome Kerviel, accused by Societe Generale of carrying out rogue trades that cost it 4.82 billion euros (S$9.94 billion) in losses, said he feels betrayed by his detention.
'He feels betrayed. Betrayed because from the first day he has respected the bail terms to the letter,' Kerviel's lawyer Elisabeth Meyer was quoted as saying in Le Figaro on Monday.
A Paris appeals court on Friday backed a prosecution demand that the 31-year-old Kerviel be held in custody, revoking bail set by a lower court.
Ms Meyer has said she plans to appeal on Monday the decision to hold Kerviel in custody while the investigation into what Societe Generale says were unauthorised trades worth at least 50 billion euros, more than the leading French bank's own capital.
He faces charges however of breach of trust, fabricating documents and illegally accessing computers.
Asked about Societe Generale's five-day investigation into the activities of Kerviel, whom it branded a 'terrorist' when it revealed the losses it suffered on Jan 24, Ms Meyer said 'you don't take justice into your own hands'.
'It seems to me when you have doubts as serious as those put forth by Societe Generale you file charges right away,' she added.
She said theories that Kerviel had an accomplice, which prosecutors advanced to urge he be held in custody, had 'evaporated'.
A trader who worked for a Societe Generale subsidiary, Fimat, was released after questioning on Saturday. He has been designated an assisted witness, a French legal term halfway between a witness and being charged, and faces additional questioning. -- AFP
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