French court releases Kerviel

Jerome Kerviel detained by French financial police investigating the Société Générale rogue trading scandal has been provisionally…

Jerome Kerviel detained by French financial police investigating the Société Générale rogue trading scandal has been provisionally released from prison.

A French court ordered the release from prison of the Societé Générale trader blamed for a massive fraud at the bank.

He has been held there since February 8. Societé Générale blames Kerviel for allegedly unauthorised trades that cost it nearly €5 billion.

Investigators said they wanted to keep Kerviel jailed to prevent him from speaking with accomplices - if he had any.

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Kerviel says he acted alone.