November 30, 2018
LONDON (Reuters) – The United States has filed criminal charges against Mike Lynch over the $11 billion sale of the British software company Autonomy to Hewlett-Packard 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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