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LONDON (Reuters) – British entrepreneur Mike Lynch vigorously denies the new US criminal charges, his spokesman said Saturday before the trial in court for the sale of his Autonomy firm, which will begin in London next week.
US prosecutors on Friday added three new criminal charges to Lynch over selling $ 11.1 billion (£ 8.4 billion) from its Autonomy software company to Hewlett-Packard in 2011.
Lynch faces a new charge of securities fraud, punishable by a maximum jail term of 25 years, as well as additional charges of wire fraud and conspiracy in the US. indictment to 17 charges laid in federal court in San Francisco.
"These are baseless and blatant charges that were launched on the eve of the UK trial, where this case belongs, and Dr. Lynch strongly denies them," Lynch spokesman said. .
Mike Lynch, formerly hailed as the British answer to Bill Gates, faces Hewlett-Packard (HP) on Monday in the London High Court in a multi-billion dollar confrontation over the purchase of autonomy by society of American technology in 2011.
HP accuses Lynch and the former Financial Director of Autonomy, Sushovan Hussain, of involvement in accounting irregularities that have caused him to pay too much for the company.
(Report by Paul Sandle, written by Alistair Smout, edited by Angus MacSwan)
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