The previous bankmäklaren Jérôme Kerviel, who lost billions during his employment at Société Generale will pay € 1 million, corresponding to more than 9.5 million, to his former employer. This was announced by a French court on Friday.
Previously speculated as to whether Jerome Kerviel should be forced to pay back the entire amount that he lost, that is to say 47 billion. It ended on a much smaller sum, albeit noticeable, at 9.5 million.
It was a 2010 Jerome Kerviel was sentenced to three years in prison for having caused a loss of 47 billion to his former employer Socité Generale in 2008. In addition to time in prison, he was sentenced also to pay back the entire loss to the bank. A decision is subsequently withdrawn, writes Reuters.
Ever since the scandal briserade have Jerome Kerviel tried to clear his name and claim that his bosses were aware of what he did. On Friday, it was time for another court to decide how much, or nothing at all, he is obliged to pay back, writes Reuters.
The French government indicated on Friday that they can get to claim back the tax on the 21 billion from Societe Generale if the court considers that Jerome Kerviel did not have to pay any damages.
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