Civil case opens in London as new American indictment alleges conspiracy
Autonomy founder Mike Lynch will on Monday begin his high court defence against accusations that he perpetrated a $5bn (£3.8bn) fraud, as US prosecutors unveiled fresh criminal charges accusing the British businessman of a cover-up.
Lawyers for Lynch will start their fight in London’s high court against a civil case brought by HP’s successor companies, who allege he fraudulently inflated the value of the Cambridge-based software firm Autonomy ahead of an £8bn takeover by Hewlett-Packard in 2011. The allegations of “serious accounting improprieties” were first made in November 2012, when Meg Whitman – the former eBay chief and one-time candidate for governor of California – was chief executive of HP.Continue reading...
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