US tech giant Hewlett Packard Co on Friday won a multibillion dollar fraud case over its 2011 purchase of British software company Autonomy Corp PLC.
One year after the deal, HP accused Autonomy of falsifying its accounts, claiming it had inflated its value and caused huge losses for the US company when the correct accounting emerged after the US$11.1 billion sale.
HP sued two executives Mike Lynch, Autonomy’s British founder, and former chief financial officer Sushovan Hussain for about US$5 billion dollars.
A US court in 2018 convicted Hussain of fraud relating to the sale and jailed him for five
HP Wins Massive Fraud Case in UK Over Autonomy Purchase : Rashtra News #Wins #Massive #Fraud #Case #Autonomy #Purchase US tech giant Hewlett Packard won its multibillion-dollar fraud case on Friday over its 2011 purchase of British software company Autonomy.A year after the deal, HP accused Autonomy of fudging its accounts, claiming it had inflated […]
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