Mike Lynch: British entrepreneur loses bid towards US extradition after sale of Autonomy to HP
UK entrepreneur Mike Lynch has misplaced a bid to dam his extradition to the US the place he faces felony fraud costs.A High Court in London heard the problem after then-home secretary, Priti Patel, permitted Dr Lynch's extradition in January final 12 months, to reply to 17 fraud costs over the sale of his software program firm, Autonomy, to Hewlett-Packard (HP) in 2011.
HP acquired the corporate for $11.1bn billion (£8.3bn) greater than a decade in the past. Dr Lynch was then accused of intentionally overstating the worth of his enterprise earlier than it was acquired by the American expertise large.He has all the time denied any wrongdoing - having made $800m (£644m) from the deal - and argued after the extradition ruling that he was being made a "scapegoat" for mismanageme...










