American computer giant Hewlett-Packard has asked US and UK authorities to investigate what it claims was a, “wilful effort to mislead” by UK company Autonomy.
The request comes following their takeover of the software group.
HP said it recorded a 6.8 billion euro writedown because of the purchase pushing the company to a 5.3 billion loss.
“We did a whole host of due diligence but when you are lied to, it’s hard to find,” said Meg Whitman, HP’s chief executive.
Autonomy reject the allegations with former Chief Executive Mike Lynch believing HP is trying to deflect from its worst financial results in its 70-year history.
The American company is also focusing on Deloitte the accountancy firm which audited Autonomy’s accounts.
The takeover was completed last October at a cost of 9.3 billion euros.
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Spain’s first case of diphtheria in 30 years: parents of six-year-old ‘oppose vaccines’
- 3[Live updates] NGO flotilla bids to break Israeli blockade of Gaza
- 4Greek debt crisis is “absolute supremacy of capital over humans”
- 5[LIVE UPDATES] France: man decapitated, several wounded in chemical plant attack
- 6Israel prepares to repel boarders as ‘Freedom Flotilla 3’ tries to run Gaza blockade
- 7Large Hadron Collider ready to embark on an unprecedented voyage of discovery
- 8NewsWires : euronews : the latest international news as video on demand
- 9Istanbul Gay pride quashed by riot police, rubber bullets and water cannon
- 10Greek debt summit – Live updates
- 11‘Distractingly sexy’ scientists hit back in lab chemistry polemic
- 12Romania, Hungary and Bulgaria focus of EU cash fraud probes
- 13Interpol issues ‘red notice’ for accused ex-FIFA bosses
- 14Summit up in Brussels as Greek proposals give food for thought and rumours fly
- 15Battle of Waterloo, live-tweeting 200 years on
- 16Greek PM faces day of crucial bailout talks in Brussels
- 17Citizens take power in Spain’s largest cities as a political revolution sweeps the country
- 18Italy discovers biggest illegal waste dump in Europe
- 19Greek banks, stock exchange will not open on Monday, Tsipras announces
- 20Hungary: billboard war sparks international concern
Wires > Business
- 10:09 CET Pop Milano says ECB may ask some Italy banks to boost capital
- 10:04 CET Standard Life slips as Greek worries peg back FTSE
- 09:25 CET UK regulators give green light to Sabadell takeover of TSB
- 08:43 CET China stock bounce lifts Asian markets, but Greek crisis weighs
- 04:15 CET Second-quarter M&A close to record amid mega deals
- 04:05 CET ‘Brexit’ would be disaster for UK financial sector – industry group
- 04:04 CET UK consumer confidence surges to 15-year high in June – GfK
- 03:12 CET Japan’s Amari says Greek crisis won’t severely hurt global economy