As reported by the Financial Times, a Société Générale trader based out of Hong Kong was fired last year for taking unauthorized risky bets. However, the trader has argued that he did nothing improper. He went on to claim that the "entire risk team and other bosses" knew or could have known about the trades and overreacted when they were eventually discovered.
In a recent LinkedIn post, the trader, Kavish Kataria, asserted that his trades were all properly recorded and reported. "Instead of taking the responsibility of the lapse in their risk system and not identifying the trades at the right time they fired me and terminated my contract," he wrote.
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