Fimat trader connected to Kerveil case
A Paris-based Fimat trader has been implicated in the £3.7bn SocGen losses following the arrest of Jerome Kerveil last week.
Moussa Bakir was reportedly placed under police questioning but will escape charges from the French authorities. It is understood that Bakir is being classed as a witness to Kerveils actions.
Fimat, which is SocGens futures trading division, officially merged with Calyon to form Newedge during the same week that Kerveils losses were made public.
Representatives of neither Fimat or SocGen could be reached for comment by FO5.
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