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.
Copyright © 2014 euronewsMore about:
- 1Air France strike is latest turbulence among Europe’s airlines
- 2Hungary’s healthfood king takes his sugarfree, low carb company public
- 3Rouble slips lower, finance ministry comments check losses
- 4Ripple effect of Scotland’s independence vote on Mideast markets
- 5Orange hopes to gain in Spain with Jazztel purchase
- 1Hungary’s healthfood king takes his sugarfree, low carb company public
- 2GM’s Opel cuts Russian production on slumping sales
- 3Ripple effect of Scotland’s independence vote on Mideast markets
- 4Microsoft looks to Minecraft for Windows phone boost
- 5Air France strike is latest turbulence among Europe’s airlines
- 1Podemos: Spanish indignation in Brussels’ corridors of power | euronews, reporter
- 2Israel announces it will seize 400 acres in West Bank | euronews, world news
- 3Japan sounds bluefin warning, calls for 50% catch cut | euronews, world news
- 4Hoverbike on the horizon | euronews, hi-tech
- 5China executes eight Muslims convicted of terrorism | euronews, world news
- 63D printing: a driving force in design and engineering | euronews, hi-tech
- 7Watch: Angry mob throw Ukraine MP into rubbish bin | euronews, world news
- 8Ukraine accuses Russian aid convoy of stealing factory equipment | euronews, world news
- 9Young Yazidi girl escapes Islamic State kidnappers | euronews, world news
- 10New car offers freedom for disabled drivers | euronews, hi-tech
- 11#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians | euronews, world news
- 12EU leaders name Donald Tusk European Council president | euronews, world news
- 13The business benefits of EU chemical regulation | euronews, business planet
- 14Turkish ferry makes high-speed final landing | euronews, no comment
- 15Risk of fresh ash cloud threatens European air travel | euronews, world news
- 16Canada sends hilarious barb to Russia over Ukraine ‘incursions’ | euronews, world news
- 17Iceland warns Europe’s airlines of possible volcanic eruption | euronews, world news
- 18Thousands of Catalans call for choice on split from Spain | euronews, world news
- 19Iceland puts on a show as two of its volcanoes spew out lava | euronews, world news
- 20Marine Le Pen criticises France’s decision to halt Mistral warship sale to Russia | euronews, world news
Wires > Business
- 17:23 CET UK trade deficit wider on illegal drug imports – ONS
- 16:56 CET Boeing airplanes chief says considering 52 737s a month by 2018
- 16:53 CET UK traders gear up for long night before Scottish vote result
- 16:41 CET FTSE underperforms as Scottish uncertainty weighs on market
- 16:39 CET U.S. consumer prices post first decline in nearly one and a half…
- 16:37 CET Calm before the storm? Commodity volatility mired at low levels
- 16:19 CET Germany’s Schaeuble – could consider tax breaks for R&D firms
- 16:01 CET Italy PM Renzi begins parliament drive for labour reform