The arrest of Didier Pineau-Valencienne, chairman of France's Groupe Schneider in Brussels in late May, sent shock waves through the Continent's boardrooms. It also inflamed Belgians' deep-seated Francophobia. But it looks as if there's more to the French executive's month-long jail stay than Belgian spite. On the same day, Italian financier Valentino Foti was also arrested in Brussels on similar charges of fraud, forgery, embezzlement, and violation of accounting rules.
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