Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

U.S. files criminal charges against Autonomy's Mike Lynch over HP sale - FT

U.S. files criminal charges against Autonomy's Mike Lynch over HP sale - FT
FILE PHOTO: Mike Lynch, Founder and Chairman of Autonomy Corporation, poses for photographers at an awards ceremony in central London March 13, 2008. REUTERS/Toby Melville/File Photo -
Copyright
Toby Melville(Reuters)
Euronews logo
Text size Aa Aa

LONDON (Reuters) – The United States has filed criminal charges against Mike Lynch over the $11 billion (£8.6 billion) sale of the British software company Autonomy to Hewlett-Packard <HPE.N> seven years ago, the FT reported on Friday.

The newspaper said that the charges carry a maximum penalty of 20 years in prison and include 14 counts of conspiracy and fraud.

British entrepreneur Lynch co-founded Autonomy. The company was sold to HP in 2011 in deal that soured a year later.

Lynch has always denied any wrongdoing. He could not be immediately reached for comment.

(Reporting by Sarah Young; editing by Guy Faulconbridge)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.