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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)
Copyright Toby Melville(Reuters)
By Reuters
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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)

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