Published:
1:03 PM January 13, 2021
Ex-Autonomy software entrepreneur Mike Lynch pictured at Ipswich Waterfront. He faces the threat of extradition to the US on fraud charges which he denies
- Credit: Andy Abbott
Ex ministers and former business leaders have lined up to defend a Suffolk tech entrepreneur from extradition to the United States.
Mike Lynch faces fraud charges in the US after it was claimed he overstated the value of his Cambridge-based software firm Autonomy ahead of an £8bn sale to Hewlett-Packard (HP) in 2011.
The deal went sour and ended in acrimony and accusations, and the US authorities decided to bring fraud charges.
Michael Lynch allegedly overstated the value of his company ahead of $11bn sale
Ex-ministers and business leaders fear Mr Lynch, 55, faces a decade in prison
A British tech tycoon at the centre of a £3.7bn fraud case should not be extradited to the US because the UK has surrendered sovereignty for too long, ex-Cabinet ministers have said.
Electrical engineering expert Michael Lynch is facing fraud charges in the US, as authorities claim he overstated the value of his software company before it was sold to Hewlett-Packard (HP) in 2011.
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HP purchased Mr Lynch s company, Autonomy, for $11bn (£8bn) in 2011, but the company is seeking damages of around £3.7bn in London s High Court.