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On the air of program Expertise of the radio station Golos Rossii, Alexander Sotov, Head of FBK-Legal Financial Investigations Practice, commented upon litigation which started on Wednesday against a former trader of investment bank Societe General Jerome Kerviel.

As the expert reminded, Kerviel somehow managed to enter the stock exchange, not only under his own name, but also under names of his colleagues. “I.e. he could conclude transactions using not only his limit of liability, but also limit of liability of all traders of the bank”, Alexander Sotov noted. According to him, the principle question is whether he has stolen access codes of his colleagues, or the bank management provided them to him. “Kerviel asserts that he was doing everything almost under direct instruction of the bank’s management”, the expert told. At the same time, as Alexander Sotov emphasized, nothing in the past of Jerome Kerviel has ever given away in him genius fraudster or computer super hacker who could have stolen access codes from scores of traders.