From: Reuters
Published March 12, 2008 08:32 AM

France confirms new arrest in SocGen scandal

PARIS (Reuters) - The Paris prosecutor's office said on Wednesday it had made a fresh arrest as part of its inquiry into trading losses at Societe Generale.

The prosecutor's office identified the person being held as a trader from a subsidiary of the French bank which has blamed a rogue trader for dealings that led to a 4.9 billion euros ($7.53 billion) net loss.

(Reporting by Thierry Leveque, Editing by Sudip Kar-Gupta)

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