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U.S. markets recover from steep losses
PARIS, March 18 (UPI) -- A French court agreed Tuesday to release Societe Generale trader Jerome Kerviel, who is accused of losing $7.2 billion in unauthorized trading.
Kerviel was arrested shortly after the bank revealed on Jan. 24 that it had lost enormous sums.
A list of possible accomplices have been questioned but no others have been accused. Kerviel has insisted he acted alone, The Wall Street Journal reported.
Kerviel's attorney has said his client didn't profit from the trading.
Kerviel was held as a flight risk and his passport has been confiscated. Prosecutors also said they feared he might tamper with evidence or contact accomplices while he was free, the report said.
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