2008 Société Générale trading loss the bank's total market capitalization. Bank officials claim that Kerviel tried to conceal the activity by creating losing trades intentionally so as to offset his early gains. According to the BBC, Kerviel generated €1.4 billion in hidden profits by the end of 2007. His employers say they uncovered unauthorized trading traced to Kerviel on January 19, 2008. The bank then closed out these positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices, and losses attributed are estimated at €4.9 billion. The bank claimed Kerviel "had
Chief Ministership of N. T. Rama Rao Chief Ministership of N. T. Rama Rao Nandamuri Taraka Rama Rao (popularly known as NTR) was-Telugu film actor-turned-politician who served as the Chief Minister of Andhra Pradesh for three terms. He was the first non-Congress Chief Minister of Andhra Pradesh, representing the Telugu Desam Party (TDP) founded by him in 1982. His first term lasted 1 years from January 1983 to August 1984. He was ousted in a coup in August 1984, but returned to power a month later, which marked the beginning of his second term. He remained Chief Minister for the next five years, completing his full 5-year