Fimat broker released without charge in SocGen investigation

Moussa Bakir, a derivatives broker held in connection with Societe Generale SA's record trading losses, was released and won't be charged, according to the Paris prosecutor's office.

French investigators determined, after questioning Bakir, that he is a "witness" and that there are no grounds to hold him or press charges, Isabelle Montagne, a spokeswoman for the prosecutor, said.

Bakir, who works at Societe Generale's futures brokerage Fimat, was questioned about e-mails exchanged with Jerome Kerviel, the trader blamed by Societe Generale for losing 4.9 billion euros ($7.2 billion) through unauthorized trading.