Affaire Kerviel : this new judicial development 12 years after The Point

Twelve years later, the case of Jérôme Kerviel is back to talk about it. A new judicial development comes to surface. According to a source in judicial, judges

Affaire Kerviel : this new judicial development 12 years after The Point

Twelve years later, the case of Jérôme Kerviel is back to talk about it. A new judicial development comes to surface. According to a source in judicial, judges have been asked to conduct a survey on the tax rebate of 2.2 billion euro granted to the Company, the general result of the significant losses generated by the ex-employee of the bank then the market operator. This judicial inquiry was opened last October to " bribery ", that is, the granting of an undue advantage. It follows a complaint with constitution of civil part, which has been filed by Julien Bayou, the current national secretary of EELV, February 6, 2019.

In this investigation, the association anti corruption Anticor is also constituted civil party. The magnitude of the discount was to the extent of the loss caused by Jerome Kerviel. The former trader of the market rooms of the Society in general had caused a loss of 4.9 billion euros between 2005 and early 2008, the date to which its transactions had been discovered, resulted in disaster and publicly announced. The merits of this drawback, however, is discussed since the Versailles court of appeal, by a judgment of 23 September 2016, said that the bank was by its lack of control and responsibility for the losses caused.

the opinion of the Société générale

The tax authorities have therefore announced to the bank that she was planning to return on the deductibility of the loss caused, but the Society in general believes that the decision of the court of appeal did not question. In its last annual report, the group states also have not yet received notification of adjustment of the tax since it does not have to be deducted from the results of the said rebate. "Such a situation will not occur before several years, according to the forecasts of the bank. In the case that the administration would decide when the time comes to confirm its current position, the Société générale group would not fail to assert his rights before the competent courts ", he adds.

Updated Date: 17 June 2020, 08:33

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