Société Générale was at the centre of a financial scandal in 2009. The bank denied those accusations. January 2008: Trading loss incident (Kerviel Fraud) On January 24, 2008, the bank announced that a single futures trader at the bank had fraudulently lost the bank €4.9 billion (an equivalent of US$7.2 billion), the largest such loss in history. The company did not name the trader, but other sources identified him as Jérôme Kerviel, a relatively junior futures trader who allegedly orchestrated a series of bogus transactions that spiraled out of control amid turbulent markets in 2007 and early 2008. Partly due to the
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