UK entrepreneur to face charges in US over Hewlett-Packard takeover

Autonomy co-founder Mike Lynch brands criminal case as ‘travesty of justice’ in latest twist of 2011 acquisition

The US Department of Justice has filed criminal charges against Mike Lynch over the $11bn (£8.6bn) sale of the British software company Autonomy to Hewlett-Packard seven years ago.

The charges, which are expected to go to trial, carry a maximum penalty of 20 years in prison and include 14 counts of conspiracy and fraud. The Department of Justice is seeking to confiscate $815m from Lynch, which it says was obtained through the alleged fraud.

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from US news | The Guardian https://ift.tt/2KIShDv