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FILE PHOTO: Mike Lynch, founder of Autonomy, poses for the photographers at a awards ceremony in central London on March 13, 2008. REUTERS / Toby Melville
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 from Hewlett-Packard's Autonomy software company 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 accusations that were launched on the eve of the UK trial, where this case belongs, and Dr. Lynch denies them vigorously," said a spokeswoman for Lynch.
Mike Lynch, once hailed as the British answer to Bill Gates, faces Hewlett-Packard (HP) in the London High Court Monday in a multi-billion dollar clash over the purchase of autonomy by the American technology company .
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.
Reporting by Paul Sandle,; Written by Alistair Smout, edited by Angus MacSwan
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