Pol Hauspie and Jo Lernout will be eating porridge in separate Belgian prisons while an investigation into fraud and stock price manipulation is carried out.
The pair are believed to have been separated so that Jo Lernout can be treated for depression.
They were arrested late last week on charges of fraud and may face creditors’ claims of around Pounds 350m.
Philippe Bodson, L&H’s new chief executive appointed in January, said he was considering selling the company’s assets to make the payments.
An 11 June deadline has been set for US creditors to make their claims from the period before 29 November last year.
- This article first appeared on vnunet.com
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