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Sarkozy will punish the bank, lost 5 million euros

January 29 2008
01:22

French authorities will take all measures in the case of the bank Societe General, including against its leaders. About it, commenting on the loss of the bank nearly 5 billion euros, said French President Nicolas Sarkozy.

"When there are incidents of this kind, they should not be left without consequences for those responsible. If the senior executives of banks receive large rewards for work at their post, in case problems arise, it is inadmissible that they were outside the responsibility," - "Sarkozy said .

According to the French President, uttered the words apply to the disgraced head of the bank, Daniel Bouton, Vesti reports. Sarkozy added that seeks to avoid bankruptcy, and is interested in continuing the work of its branch network across the globe.

Recall that while under investigation is only a trader Jerome Kerviel, who admitted that as a result of its operations at the exchange bank lost 4.9 billion dollars. He faces up to 7 years in prison and a fine of 750,000 euros, according to Pravda.ru .

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