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:
- 1Tesco accounting snafu now subject of criminal probe
- 2Russian oligarch Yevtushenkov ordered to hand over oil company shares to the state
- 3Germany jobless fall, inflation remains weak
- 4Samsung profits slide, will focus on mid-to-low end smartphone market
- 5US Federal Reserve: End in sight for QE stimulus
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International tv news | euronews: European and International tv news bulletin
- 3Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 4Revealed: Europe’s capital cities where it’s hardest to be a foreigner | euronews, world news
- 5European Union News | euronews: latest breaking news and headlines about European Union
- 6Turkish president Erdogan unveils his new palace of a thousand rooms | euronews, world news
- 7All you need to know about the Ebola virus | euronews, world news
- 8How nasheeds became the soundtrack of jihad | euronews, world news
- 9Where is the best place in Europe for women? | euronews, world news
- 10Sweden becomes first European nation to recognise Palestine | euronews, world news
- 11What to expect in “The World of Ice and Fire,” George R.R. Martin’s new book | euronews, world news
- 12Ebola: Six new suspected cases in Spain | euronews, world news
- 13Learning through “serious games” | euronews, learning world
- 14International breaking news | euronews online world breaking news in video
- 15US says ISIL makes $1 million-a-day selling oil – even to enemies | euronews, world news
- 16International news | euronews, latest international news
- 17Sweden becomes first EU country to recognise the Palestinian State | euronews, world news
- 18Philippe Starck: ‘Words like longevity and legacy have become almost avant-garde’ | euronews, the global conversation
- 19US delivers technical aid to Ukraine but warns over security | euronews, world news
- 20euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
Wires > Business
- 11:29 CET Japan’s central bank shocks markets with more easing as inflation…
- 11:29 CET Euro zone inflation slightly higher in October
- 11:28 CET SuperGroup says no discounts as warm weather hits profit outlook
- 11:27 CET British Airways owner ups profit forecast after third-quarter…
- 11:23 CET RBS takes 400 million-pound forex charge and warns of more to come
- 11:21 CET British Airways owner ups profit forecast after third-quarter…
- 11:18 CET RBS sets aside 400 million pounds to settle forex probes
- 11:10 CET Euro zone inflation slightly higher in October