2008 Société Générale trading loss 2008 Société Générale trading loss In January 2008, the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices. The bank states these positions were fraudulent transactions created by Jérôme Kerviel, a trader with the company. The police stated they lacked evidence to charge him with fraud and charged him with breach of trust and illegally accessing computers. Kerviel states his actions were known to his superiors and that the losses were caused by panic selling by
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